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April 16, 2023Friday at a glance: after a mostly steady day, EUR/CAD lost 44 pips late into the session and closed at 1.4688.
EUR/CAD's value drop coincided with the fact that NZD/USD falls 1.51% Friday and closed at 0.63. AUD/USD drops 1.1% Friday and closed at 0.6786.
Though EUR/CAD has been dropping, other pairs have been performing better: USD/SGD went up by 0.57% Friday, and closed at 1.3297.
Furthermore, Euro Zone ECB President Lagarde speech set for tomorrow at 15:00 UTC. Canada Wholesale Sales (MoM) (Feb) will be released tomorrow at 12:30 UTC. Canada Foreign Securities Purchases (Feb) is scheduled for tomorrow at 12:30 UTC.
The currency pair has been trending positively for about 2 months. As things stand, EUR/CAD is 14.26% away from a significant low of 1.2895 first set 7 months ago.
