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April 11, 2023EUR/CAD trades at 1.4696 after gaining 27 pips (0.19%).
At the same time, fresh Retail Sales data released in Euro Zone matched analyst forecasts with a reading of -0.8% — a backwards step from its previous reading of 0.8%.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD soars 0.84% to trade around 2.0062. EUR/NZD leaps up 0.99% to trade around 1.7623.
Meanwhile, USD/CHF is trading around 0.9033 (down 58 pips).
The market is looking forward to the release of new data: Canada Interest Rate figure is projected at 4.5. It previously stood at 4.5; data will be released tomorrow at 14:00 UTC. Canada BoC Monetary Policy Report will be released tomorrow at 14:00 UTC. Canada BOC Press Conference is scheduled for tomorrow at 15:00 UTC.
The currency pair has been trending positively for about 2 months. EUR/CAD is now trading 13.76% away from its significant low of 1.2895 first tested 7 months ago.
