EUR/CAD Drops Despite Stronger German Retail Sales
EUR/CAD depreciated to around 1.6220 during early European trading on Tuesday, reversing gains from the previous two sessions, as the euro weakened even after stronger German retail sales data.
EURCAD
The EUR/CAD pair declined on Tuesday, trading near 1.6220 in early European hours, ending a two-day winning streak.
The euro failed to hold onto gains despite the release of stronger-than-expected German retail sales figures. The data provided only a temporary boost, with sellers quickly re-emerging to push the pair lower.
Traders continue to monitor broader euro weakness and Canadian dollar strength, keeping the cross under pressure.
Source: FXStreet Forex News