Euro strengthens against Canadian Dollar after German industrial output beats forecasts

FXStreet··EUDECA·Read original
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Summary · why it matters

EUR/CAD rose to around 1.6160 during European trading on Friday, snapping a two-day losing streak, after data from Destatis showed German industrial output exceeded expectations. The stronger-than-expected production figures supported the Euro, which held its ground against the Canadian Dollar. The currency cross maintained its intraday gains as the European session progressed.

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