EUR/CAD Stays Below 1.1700 as Risk Aversion Deepens

EUR/CAD trades below 1.1700 amid intensifying risk aversion from US-Iran tensions and strong US data, pinning the pair after a sharp decline. The downtrend began below 1.6050 on April 22 with WTI oil at $82/bbl boosting CAD, extended to 1.5980 on April 23 after Eurozone PMI fell to 48.6 (vs 50.2 exp.) and Germany's to 48.3, with oil surging to $93.40/bbl. US jobless claims at 215K and PMIs (54.0/51.3) further strengthened USD, pressuring euro crosses; supports at 1.1600 now in focus with volatility at 8.5%.