The euro advanced to a 2-day high of 1.2899 against its Canadian counterpart around 3:20 am ET Friday, up 0.15 percent from Thursday's close of 1.2878.
The euro rebound against the Canadian dollar is expected to gain a proper shape beyond 1.29 and the cross is inching closer to break Wednesday's peak of 1.2945 to set its strongest mark in nearly 4-months.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.