The EUR/USD drops over 0.20% on Thursday after solid economic data from the United States (US) weighed on the shared currency, which benefited from the European Central Bank (ECB) holding rates unchanged. At the time of writing, the pair trades at 1.1749, having reached a daily high of 1.1789.
The US Dollar is ticking higher against the Canadian Dollar on Thursday and has risen above 1.3600, although it remains close to one-year lows at the 1.3540 area, driven by risk-on markets, following the release of US preliminary PMIs and weekly Jobless Claims data.
The Canadian Dollar (CAD) is modestly lower on the session, unable to find any lift today from the bid for its FX commodity cousins or global stocks, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.