EUR/CAD fell to a new low at 1.4453 today, its lowest value in 2 months; yesterday ended at 1.4469.
Meanwhile, Euro Zone Consumer Price Index released yesterday at 09:00 UTC with a figure of 6.1%, while the previous figure was 7%. Euro Zone Core Consumer Prices came out at 5.3%, while a consensus of analysts was expecting 5.5%. New Unemployment Rate data from Euro Zone matched market expectations with a reading of 6.5 — a positive step in contrast to previous data of 6.6 from last month.
In the meantime, negative performances are also seen in other pairs as GBP/NZD is down 89 pips from the beginning of the session and now trades around 2.0539. EUR/AUD is down to 1.6277, losing 92 pips, after closing at 1.637 in the preceding trading session. EUR/NZD slips 0.48% to trade around 1.7641.
Furthermore, Spain Unemployment Change expected to decline to -40,100 while its preceding data was -73,900, data will be available today at 07:00 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.
The currency pair has been trending lower for about 30 days. As things stand, EUR/CAD is 4.09% away from a significant high of 1.5086, first set 30 days ago.