Euro holds gains against Canadian Dollar on upbeat German IFO data

Euro holds gains against Canadian Dollar on upbeat German IFO data

Source: EODHD - https://www.fxstreet.com/news/euro-holds-gains-against-canadian-dollar-on-upbeat-german-ifo-data-202608250830
Published: Aug 25, 2026 4:30 AM

EUR/CAD extends its gains for the second consecutive day, trading around 1.6160 during the European hours on Tuesday. The currency cross remains stronger as the Euro (EUR) holds gains following the release of the German IFO business sentiment index data.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.