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May 19, 2023EUR/CAD is down to 1.454, after ending yesterday at 1.4541. Overall, a 0.01% loss or 1 pips today.
Amid the market gloom, Canada New Housing Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of -0.1, while the previous figure was zero.
In the meantime, negative performances are seen in other pairs, USD/JPY closed at 138.3 (down 0.26%). After ending yesterday's session at 149.33, EUR/JPY lost 28 pips and is trading around 149.05. GBP/JPY decreases 0.2% to trade around 171.64.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as Canada Core Retail Sales projected to come out at -0.8% — worse than previous data of -0.7%; data will be released today at 12:30 UTC.
Furthermore, Euro Zone ECB President Lagarde speech is scheduled today at 19:00 UTC. Canada Retail Sales expected to decline to -1.4% while its preceding data was -0.2%, data will be available today at 12:30 UTC.
Having set a peak of 1.5086 around 16 days ago, EUR/CAD is now trading 3.61% below this level.
