Reversing direction, the European currency climbed against the Canadian dollar in early European deals on Wednesday.
The euro approached a 2-day high of 1.3112 versus the loonie, recovering from early Asian session's 2-day low of 1.3061. If the euro advances further, it is likely to break 1.32 level. The pair ended yesterday's deals at 1.3080.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.