EUR/CAD holds losses near 1.6200 as Canadian Dollar gains on risk-on mood

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EUR/CAD remains subdued for the second successive day, trading around 1.6200 during the Asian hours on Thursday. The currency cross depreciates as the Canadian Dollar (CAD) receives support from easing Middle East conflict.

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AI Executive Brief

/ EUR/CAD exchange rate remains around 1.6200 for the second day, reflecting a subdued market sentiment.
/ Canadian Dollar gains strength due to easing Middle East tensions.
/ Risk-on mood in the market supports the CAD, leading to depreciation of the EUR/CAD cross.

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EUR/CAD holds losses near 1.6200 as Canadian Dollar gains on risk-on mood

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