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April 22, 2023Thursday ended at 1.4779; during yesterday's session EUR/CAD rallied above 1.4884 for the first time in 1 year, gaining 100 pips and closing at 1.4879.
On the flip side, highly important Core Retail Sales data from Canada beat analyst expectations of -0.1% with a reading of -0.7%.
Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 164,400, while the previous figure was 163,300. Canada Retail Sales beat the -0.6% projections, with -0.2%.
A look at other currencies also shows bullish price action as GBP/NZD went up by 0.73% yesterday, and closed at 2.0269. Notably, EUR/NZD rose 0.85% yesterday and closed at 1.7752. Notably, EUR/AUD rose 0.94% yesterday and closed at 1.6265.
The currency pair has been trending positively for about 2 months. As things stand, EUR/CAD is 14.61% away from a significant low of 1.2895 first set 7 months ago.
