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June 16, 2023Tentatively higher from an earlier low of 1.4407, EUR/CAD is up to 1.4484 today, adding 18 pips, or 0.13%, to yesterday's closing price of 1.4465.
- Euro Zone Consumer Price Index is next today at 09:00 UTC.
Earlier data releases related to EUR/CAD – Euro Zone Deposit Facility Rate (Jun) came out at 3.5, while a consensus of analysts was expecting 3.5. Euro Zone Interest Rate released yesterday at 12:15 UTC with a figure of four, while the previous figure was 3.75.
Here is the technical analysis of EUR/CAD before macro data is released:
Coming up for EUR/CAD — Euro Zone Consumer Price Index figure is projected at 6.1%. It previously stood at 7%; data will be released today at 09:00 UTC. Canada Wholesale Sales (MoM) (Apr) is expected today at 12:30 UTC.
As the markets get ready for more data to be released — EUR/JPY gained 0.62% and is currently trading at 154.45. USD/JPY soars 0.53% to trade around 141. Having closed the previous session at 179.29, GBP/JPY is up 0.63% today to currently trade at around 180.43.
EUR/CAD is now trading 4.12% away from its significant high of 1.5086 first tested a month ago.
