Eurozone Consumer Confidence came in at -17.7, below expectations (-17.5) in June

Canadian Dollar struggles to gain traction despite stronger inflation data

USD/CAD trades little changed on Monday after a brief bout of weakness following stronger-than-expected Canadian inflation data. At the time of writing, the pair is trading around 1.4165, hovering near its highest level since April 2025.
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Canadian Dollar: Inflation driven by energy – RBC

Royal Bank of Canada (RBC) economist Abbey Xu notes that Canadian inflation rose to 3.2% year-over-year in May, mainly due to higher energy prices, airfares and food costs.
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