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June 13, 2023Tentatively higher from an earlier low of 1.4375, EUR/CAD is up to 1.4423 today, adding 44 pips, or 0.31%, to yesterday's closing price of 1.4379.
Germany Consumer Price Index is next today at 06:00 UTC.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.0761, EUR/USD is up 0.32% today to currently trade at around 1.0796. Having closed the previous session at 150.13, EUR/JPY is up 0.24% today to currently trade at around 150.49.
While EUR/CAD is up today, these currencies are lagging behind: after ending yesterday's session at 0.9085, USD/CHF lost 26 pips and is trading around 0.9058.
Also worthy of note, Germany Consumer Price Index figure is projected at -0.1%. It previously stood at 0.4%; data will be released today at 06:00 UTC. Germany ZEW Economic Sentiment Index figure is projected at -12.7. It previously stood at -10.7; data will be released today at 09:00 UTC. Euro Zone Industrial Production is projected to outperform its last figure with 1%, having previously been at -4.1%. The figure will be published tomorrow at 09:00 UTC.
The currency pair has been trending lower for about a month. Having set a peak of 1.5086 around a month ago, EUR/CAD is now trading 4.69% below this level.
