The EUR/CAD cross is seen building on its recent bounce from the 1.6170-1.6175 area, or a three-week low touched last Friday, and gaining traction for the second straight day.
The EUR/CAD pair extends its winning streak for the third trading day on Friday, and trades marginally higher to near 1.6115 during the late Asian trading session. The pair ticks up ahead of the Canadian labor market data for August, which will be published at 12:30 GMT.
The EUR/CAD pair retraces to near the round-level figure of 1.6100 during Monday’s European trading session after posting a fresh seven-year high around 1.6187 in early Asian trading hours.