EUR/CAD rises after posting modest losses in the previous day, trading around 1.6010 during the early European hours on Friday. Traders are turning their attention to the upcoming preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for September, set to be released later in the day. Meanwhile, the EUR/CAD cross is advancing as a broader retreat in global bond yields helps bolster overall market sentiment, providing underlying support to the shared currency. However, gains in the Euro (EUR) remain constrained by worsening fiscal troubles in France. According to an Associated Press report, French public debt has ballooned to 119% of GDP, driving the country's 10-year government bond yield up to 4.
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