| 
March 10, 2023
EUR/CAD reached 1.4684, breaking a 1 year record. Later, it lost 43 pips and is now trading at 1.464.
Canada's Employment Change new data released of 21,800 below its previous figure.
EUR/CAD upside coincides with further encouraging market factors as Canada Employment Change released today at 13:30 UTC is better than expected at 21,800 but down from preceding data of 150,000 according to new data.
At the same time, Germany Consumer Price Index released today at 07:00 UTC with a figure of 8.7%, while the previous figure was 8.7%. Canada Unemployment Rate beats expectations of 5.1 with new data release of five, marks no change over previous data of five.
A look at other currencies also shows bullish price action as having closed the previous session at 1.1923, GBP/USD is up 0.73% today to currently trade at around 1.201. Having closed the previous session at 162.32, GBP/JPY is up 0.79% today to currently trade at around 163.6.
While EUR/CAD is up today, these currencies are lagging behind: USD/CHF is down 70 pips from the beginning of the session and now trades around 0.9255.
Also worthy of note, Euro Zone ECB President Lagarde speech set for today at 15:00 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC.
Having set a significant low of 1.2895 6 months ago, EUR/CAD is trading 13.48% higher.
