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April 26, 2023EUR/CAD rallied to 1.5113, hitting its highest point in 2 years. It later lost 61 pips and is now trading at 1.5051.
Meanwhile, Canada Manufacturing Sales (MoM) released today at 12:30 UTC with a figure of 0.7, while the previous figure was -3.6. New Jobseekers Total data from France matched market expectations with a reading of 2.79 million — a positive step in contrast to previous data of 2.8 million from last month. Germany GfK Consumer Climate (May) came out at -25.7, while a consensus of analysts was expecting -27.9.
Other currencies are also rising as EUR/NZD rallies 0.9% to trade around 1.8029. Having closed the previous session at 1.6554, EUR/AUD is up 0.99% today to currently trade at around 1.6717. GBP/NZD is up 0.66%.
The market is looking forward to the release of new data: Italy 10-Year BTP Auction will be released tomorrow at 09:10 UTC. Euro Zone ECB's Panetta speech is scheduled tomorrow at 16:15 UTC.
The currency pair has been trending positively for about 2 months. Having set a significant low of 1.2895 8 months ago, EUR/CAD is trading 15.94% higher.
