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fxJul 2, 2026, 9:15 AM

EUR/CAD Rises as Eurozone Unemployment Rate Dips to 6.2%

EUR/CAD climbed to around 1.6200 on Thursday after Eurozone unemployment fell to 6.2% in May, beating the 6.3% forecast.

EURCAD

EUR/CAD gained ground during European trading on Thursday, reversing two days of losses to trade near 1.6200. The pair strengthened as the euro held firm following the release of Eurozone employment data.

The Eurozone Unemployment Rate for May came in at 6.2%, slightly below the market expectation of 6.3%. The better-than-expected reading provided support for the single currency against its Canadian counterpart.

Source: FXStreet Forex News