Euro Gains Strength Against CAD Amid Improved PMI Data

The Euro has strengthened against the Canadian Dollar as improved PMI data boosted investor confidence in the European economy.

In July, the Eurozone Composite PMI rose to 52.0, marking a rebound into economic expansion and the sharpest rate of growth in eight months.

Greece's Composite PMI also returned to growth for the first time since March, rising to 51.3 from 49.5 in June, while Germany's Services PMI edged up to 49.8 from 48.6, remaining just below the neutral 50.0 threshold.

The Canadian Dollar, closely tied to oil prices, struggled against falling energy markets with West Texas Intermediate (WTI) oil price trading near three-week lows at $75.40 per barrel.