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May 02, 2023EUR/CAD spikes to 1.4988, climbing by 128 pips.
At the same time, Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 7%, while the previous figure was 6.9%. Italy Consumer Price Index came out at 0.5%, while a consensus of analysts was expecting 0.3%. Euro Zone Consumer Price Index came out at 0.7%.
Meanwhile, GBP/NZD falls 0.89% to trade around 2.007. GBP/JPY is down to 170.23, losing 151 pips, after closing at 171.74 in the preceding trading session. After ending yesterday's session at 137.47, USD/JPY lost 93 pips and is trading around 136.54.
The market is looking forward to the release of new data: Euro Zone Unemployment Rate is expected tomorrow at 09:00 UTC. Germany Buba Wuermeling speech is scheduled tomorrow at 09:00 UTC. Euro Zone ECB McCaul speech is scheduled for tomorrow at 12:00 UTC.
As things stand, EUR/CAD is 1.25% away from a significant high of 1.5046, first set 6 days ago.
