Bearish
EUR/CAD retreats to 1.6090 after weak Eurozone PMI data.
EUR/CAD ended a four-day winning streak, trading around 1.6090 during the European session on September 23, 2026. This decline was driven by weaker-than-expected HCOB Purchasing Managers' Index (PMI) data for Germany and the broader Eurozone, which dampened the euro's strength against major currencies. ([insigtx.com](https://www.insigtx.com/en/news/eur-cad-falls-after-hcob-pmi-data-release-732869/?utm_source=openai))
Key points
- Eurozone's September preliminary PMI figures indicate modest expansion, with services sector activity edging up slightly to 51.7 from August’s 51.6, while manufacturing remains steady at 52.7.
- Despite the euro's weakness, the Canadian dollar faces its own challenges, with WTI oil prices staying under $90 due to easing Middle East tensions.
Sources
AI-generated from public news sources. Not financial advice.
