The euro drifted lower against its Canadian counterpart in early European deals Wednesday, falling to 1.2941 around 3:15 am ET, down from yesterday's close of 1.2956.
The overall trend is bullish for the euro-loonie pair although it looks bearish in the near-term. The next likely downside target level for the euro-loonie pair is seen at 1.2910/12.
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Business 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.