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May 08, 2023Slightly weaker but mostly flat: EUR/CAD is currently trading at 1.4707 as it maintains an active range between 1.4693 and 1.4766.
Meanwhile, Industrial Production in Germany fell short of market expectations (-1.3%) with a reading of -3.4%, continuing the decline from the previous figure of 2.1%.
In the meantime, negative performances are seen in other pairs, GBP/NZD is down 178 pips from the beginning of the session and now trades around 1.9882. EUR/NZD is down to 1.7337, losing 161 pips, after closing at 1.7498 in the preceding trading session.
Positive performances can be seen by looking at other currencies as NZD/USD gained 0.8% and is currently trading at 0.6347.
Furthermore, Euro Zone ECB's Lane speech scheduled to come out tomorrow at 08:00 UTC. Euro Zone ECB's Schnabel speech set for tomorrow at 17:00 UTC.
Having set a peak of 1.5086 around 5 days ago, EUR/CAD is now trading 2.36% below this level.
