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February 24, 2023
Slightly weaker but mostly flat: EUR/CAD is currently trading at 1.4347 as it maintains an active range between 1.4326 and 1.4375.
Germany GDP is next today at 07:00 UTC.
While price action maintains a negative bias, Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of 8.6%, while the previous figure was 9.2%. Euro Zone Core Consumer Prices came out at 5.3%, while a consensus of analysts was expecting 5.2%. Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of -0.2%, while the previous figure was -0.4%.
Positive performances can be seen by looking at other currencies as USD/CHF added 0.16% to its value, now trading at 0.9341. USD/JPY improves 0.11% to trade around 134.79.
Mixed performances are seen by currencies as EUR/JPY moves 0.09% to trade around 142.82.
Furthermore, Germany GDP figure is projected at -0.2. It previously stood at -0.2; data will be released today at 07:00 UTC. Germany GfK Consumer Climate (Mar) is scheduled for today at 07:00 UTC. Germany GDP is expected today at 07:00 UTC.
EUR/CAD is now trading 1.79% away from its significant high of 1.4611 first tested 30 days ago.
