EUR/CAD down 36 pips, closing at 1.4673, for its 5th straight negative day

EUR/CAD is grinding lower from 1.471 to 1.4673, shedding 36 pips (0.25%) today.

Germany Consumer Price Index is next tomorrow at 06:00 UTC.

Amid the market gloom, 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 also seen in other pairs as EUR/USD is down 39 pips from the beginning of the session and now trades around 1.0969. EUR/GBP is trading around 0.8685 (down 33 pips).

Though EUR/CAD has been dropping, other pairs have been performing better: USD/SGD ascends 0.2% to trade around 1.3271.

Furthermore, Germany Consumer Price Index figure is projected at 0.4%. It previously stood at 0.8%; data will be released tomorrow at 06:00 UTC. Canada Building Permits figure is projected at -2.9%. It previously stood at 8.6%; data will be released tomorrow at 12:30 UTC. Germany Consumer Price Index is expected tomorrow at 06:00 UTC.

EUR/CAD is now trading 2.5% away from its significant high of 1.5086 first tested 6 days ago.