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June 27, 2023EUR/CAD rallies 42 pips (0.3%) deep into the session, trading at 1.4382.
Meanwhile, Canada Manufacturing Sales (MoM) released yesterday at 12:30 UTC with a figure of 0.8, while the previous figure was 0.3. Canada Wholesale Sales (MoM) released yesterday at 12:30 UTC with a figure of 3.5, while the previous figure was -1.4. Germany Business Expectations published yesterday at 08:00 UTC came out at 83.6, falling short of the 88 projections and continuing its decline from the previous 88.3 figure.
Other currencies are also rising as EUR/JPY gained 0.59% and is currently trading at 157.36. Having closed the previous session at 182.29, GBP/JPY is up 0.39% today to currently trade at around 183.
While EUR/CAD is up today, these currencies are lagging behind: USD/SGD is down to 1.3495, losing 34 pips, after closing at 1.353 in the preceding trading session.
Also worthy of note, Italy Consumer Price Index is expected tomorrow at 09:00 UTC. Canada Consumer Price Index figure is projected at 0.5%. It previously stood at 0.7%; data will be released today at 12:30 UTC. Germany GfK Consumer Climate (Jul) scheduled to come out tomorrow at 06:00 UTC.
As things stand, EUR/CAD is 4.95% away from a significant high of 1.5086, first set a month ago.
