💱Euro/US Dollar FX Spot Rate
EURUSD
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German PPI decline weakens euro, making EUR/USD pair move lower
The euro remained weaker against the Canadian dollar on Monday, with EUR/CAD trading around 1.6030 in early European hours after paring daily losses. The currency cross depreciated as the euro struggled following the release of Germany’s Producer Price Index data for June, which showed a decline.
German PPI decline weakens euro, making EUR/USD pair move lower
Euro weakness against CAD implies CAD strength, but for USD/CAD the news is about EUR weakness, not USD; no direct signal for USD vs CAD