Forex
EUR/CAD Tumbles as German Factory PMI Lags Behind
The EUR/CAD exchange rate paused its four-day advance and traded near 1.6090 during European hours on Wednesday, following the release of fresh HCOB PMI data.
Germany's Manufacturing PMI slipped to 53.8, missing the consensus estimate of 54.5, while Services PMI rebounded to 52.9 and lifted the Composite PMI to 53.8.
The Canadian Dollar's upside remained constrained due to softer oil prices, with West Texas Intermediate (WTI) crude holding below $90.00 per barrel amid easing concerns over Middle Eastern supply risks.