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May 05, 2023EUR/CAD crashes after losing 176 pips, breaking down to 1.473.
In contrast, positive data for EUR/CAD reported earlier when highly important Employment Change data from Canada beat analyst expectations of 20,000 with a reading of 41,400.
While price action maintains a negative bias, Canada Ivey PMI (Apr) released yesterday at 14:00 UTC with a figure of 56.8, while the previous figure was 58.2. Euro Zone Interest Rate came out at 3.75, while a consensus of analysts was expecting 3.75.
In the meantime, negative performances are seen in other pairs, USD/CAD closed at 1.3371 (down 1.25%). After ending yesterday's session at 1.702, GBP/CAD lost 129 pips and is trading around 1.6891.
Positive performances can be seen by looking at other currencies as GBP/JPY is up 0.95%.
Having set a peak of 1.5086 around 2 days ago, EUR/CAD is now trading 1.19% below this level.
