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March 08, 2023
Currently trading at 1.4504, EUR/CAD remains range-bound between 1.4482 and 1.456.
- Canada Interest Rate is next today at 15:00 UTC.
Earlier data releases related to EUR/CAD – Euro Zone GDP published today at 10:00 UTC came out at 1.8%, falling short of the 1.9% projections and continuing its decline from the previous 2.3% figure. GDP in Euro Zone fell short of market expectations (0.1) with a reading of zero, continuing the decline from the previous figure of 0.3.
Here is the technical analysis of EUR/CAD before macro data is released:
Coming up for EUR/CAD — Canada Interest Rate figure is projected at 4.5. It previously stood at 4.5; data will be released today at 15:00 UTC. France Non-Farm Payrolls (QoQ) (Q4) is scheduled for tomorrow at 06:30 UTC.
As the markets get ready for more data to be released — USD/CHF gained 0.12% and is currently trading at 0.9426. EUR/AUD slides down 0.19% to trade around 1.5979. GBP/JPY moves 0.09% to trade around 162.32.
After setting a supportive marker at 1.2895 around 6 months ago, EUR/CAD is now trading 12.44% higher.
