EUR/CAD has rebounded to approximately 1.6240 during the Asian trading session on Monday, recovering from losses recorded in the previous day. The currency pair is finding support as traders react to a cautious outlook on the European Central Bank's (ECB) monetary policy, which has created a more favorable environment for the Euro (EUR).
This shift in sentiment around the ECB is influencing the exchange rate, leading to increased optimism among investors. As the EUR appreciates against the Canadian dollar (CAD), market participants are closely monitoring developments that could impact future monetary policies, which may affect the currency pair's trajectory in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-11-24 05:44
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.