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March 05, 2023
Friday at a glance: EUR/CAD ended Thursday at 1.441. Friday it went up to 1.4482 only to drop back, yet still managed to close at 1.4457.
Other currencies are also rising as GBP/NZD added 0.8% and closed around 1.92 Friday. Notably, GBP/USD rose 0.84% Friday and closed at 1.1943. GBP/CAD is trading around 1.6375 after ending Friday's session at 1.6238 (up 0.84% today).
The market is looking forward to the release of new data: Canada Ivey PMI (Feb) is scheduled for tomorrow at 15:00 UTC. Euro Zone Retail Sales is projected to outperform its last figure with 1%, having previously been at -2.7%. The figure will be published tomorrow at 10:00 UTC. Euro Zone ECB's Lane speech is expected tomorrow at 10:00 UTC.
After setting a supportive marker at 1.2895 around 6 months ago, EUR/CAD is now trading 11.75% higher.
