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May 07, 2023A quick look at Friday: EUR/CAD slid into the red after losing 168 pips and ending the session at 1.4738.
EUR/CAD's value drop coincided with the fact that USD/CAD dips 1.2% Friday and closed at 1.354. GBP/CAD lost 0.74% Friday and closed at 1.702.
Positive performances can be seen by looking at other currencies as GBP/JPY is trading around 170.51 after ending Friday's session at 168.71 (up 1.07% today).
Furthermore, tomorrow at 06:00 UTC data for Germany Industrial Production will be released, with an expected decline to -1.3% from the preceding figure of 2%. Germany Buba Vice President Buch speech set for tomorrow at 07:10 UTC. Euro Zone ECB's Lane speech is scheduled tomorrow at 14:00 UTC.
Having set a peak of 1.5086 around 4 days ago, EUR/CAD is now trading 1.19% below this level.
