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May 01, 2023Late into the session, EUR/CAD loses 58 pips (0.39%), currently trading at 1.4863.
In the meantime, negative performances are seen in other pairs, GBP/CAD is down 100 pips from the beginning of the session and now trades around 1.6923. GBP/USD is trading around 1.2496 (down 71 pips).
Though EUR/CAD has been dropping, other pairs have been performing better: USD/JPY leaps up 0.91% to trade around 137.47.
Furthermore, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Italy Consumer Price Index is expected tomorrow at 09:00 UTC. Germany Retail Sales is projected to outperform its last figure with 0.4%. It previously stood at -1.3%; data will be released tomorrow at 06:00 UTC.
The currency pair has been trending positively for about 2 months. EUR/CAD is now trading 0.83% away from its significant high of 1.5046 first tested 5 days ago.
