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April 21, 2023While yesterday ended at 1.4779, today, EUR/CAD rallied above 1.4881 for the first time in 1 year and gained 102 pips — now trading at 1.4881.
Canada's Core Retail Sales new data released of -0.7% below its previous figure.
On the flip side, highly important Core Retail Sales data from Canada beat analyst expectations of -0.1% with a reading of -0.7%.
At the same time, Canada Retail Sales released today at 12:30 UTC is better than expected at -0.2% but down from preceding data of 1.6% according to new data. Euro Zone Manufacturing PMI released today at 08:00 UTC with a figure of 45.5, while the previous figure was 47.3.
A look at other currencies also shows bullish price action as having closed the previous session at 2.0122, GBP/NZD is up 0.77% today to currently trade at around 2.0277. EUR/NZD jumps 0.88% to trade around 1.7909. Having closed the previous session at 1.6265, EUR/AUD is up 0.97% today to currently trade at around 1.6423.
Also worthy of note, Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.
The currency pair has been trending positively for about 2 months. Having established significant support at 1.2895 approximately 7 months ago, EUR/CAD's share price has bounced 14.61% higher.
