EUR/CAD trades at 1.4404 after Germany Consumer Price Index was released today at 13:00 UTC.

Struggling to find upward momentum, EUR/CAD has shed 2 pips to currently trade at 1.4405 as it ranges between 1.4323 and 1.4443 so far today.

• EUR/CAD is currently trading at 1.4405 following the release of Consumer Price Index data from the Germany.

Germany Business Climate Index released earlier showed a marked improvement to 91.1 from the preceding data of 90.1, but fell short of the 91.4 figure forecast by a consensus of market analysts. Germany Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.7%.

Euro Zone Consumer Price Index figure is projected at 8.6%. It previously stood at 8.5%; data will be released tomorrow at 10:00 UTC. Euro Zone Consumer Price Index figure is projected at -0.2%. It previously stood at -0.4%; data will be released tomorrow at 10:00 UTC.

After ending yesterday's session at 143.67, EUR/JPY lost 46 pips and is trading around 143.21. After ending yesterday's session at 1.9472, GBP/NZD lost 61 pips and is trading around 1.9411. EUR/NZD closed at 1.7065 (down 0.37%).

Having set a significant low of 1.2895 5 months ago, EUR/CAD is trading 11.73% higher.