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May 18, 2023After closing the previous trading day at 1.458, EUR/CAD is up to 1.4593, which makes for a move of 0.09%/13 pips today.
Euro Zone ECB President Lagarde speech is next today at 09:00 UTC.
At the same time, Euro Zone Consumer Price Index came out at 7%, while a consensus of analysts was expecting 7%. Canada Foreign Securities Purchases (Mar) released yesterday at 12:30 UTC with a figure of -19 billion, while the previous figure was 6.47 billion. Germany 10-Year Bund Auction released yesterday at 09:30 UTC with a figure of 2.31, while the previous figure was 2.51.
Other currencies are showing mixed performance as USD/JPY moves 0.08% to trade around 137.64. USD/SGD moves 0.06% to trade around 1.3425. USD/CAD trades with no major change, around 1.3465.
Also worthy of note, Canada Core Retail Sales projected to decline to -0.8% while previous data was -0.7%; data will be released tomorrow at 12:30 UTC.
Furthermore, the market is looking at Euro Zone ECB President Lagarde speech set for tomorrow at 19:00 UTC. Canada Retail Sales expected to decline to -1.4% while its preceding data was -0.2%, data will be available tomorrow at 12:30 UTC.
As things stand, EUR/CAD is 3.36% away from a significant high of 1.5086, first set 15 days ago.
