Bullish currency pair EUR/CAD runs out of steam at 1.4471; currently at 1.4456

A quick look at yesterday: with a daily low of 1.4364, EUR/CAD closed yesterday at 1.4456, after ending Thursday at 1.4395 and gaining 60 pips (0.42%).

Meanwhile, Euro Zone Consumer Price Index released yesterday at 09:00 UTC with a figure of 5.5%, while the previous figure was 6.1%. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 145,000, while the previous figure was 144,600. Data from Canada concerning GDP was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.1% to 0% this month.

Other currencies are also rising as notably, NZD/USD rose 1.14% yesterday and closed at 0.6069. GBP/USD is trading around 1.2698 after ending yesterday's session at 1.261 (up 0.69% today).

Meanwhile, after ending yesterday's session at 1.79, EUR/NZD lost 123 pips and is trading around 1.7776.

EUR/CAD is now trading 4.58% away from its significant high of 1.5086 first tested a month ago.