EUR/CAD Under Pressure as German Retail Sales Data Shows Weakness
Currently, EUR/CAD retraces recent gains and trades around 1.5020 during early European trading hours. The currency pair remains under pressure following the release of disappointing German Retail Sales data that failed to meet expectations. This data has added to a cautious sentiment surrounding the Euro, making the currency vulnerable to further fluctuations. Traders are keeping a close eye on how these figures may impact the pair’s price movements. With the current level of uncertainty, shifts in economic data may play a crucial role in shaping market trends as investors weigh the implications for future performance.
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