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May 13, 2023A quick look at yesterday: down on the day: EUR/CAD closed at 1.4709 after ranging between 1.4672 and 1.4749.
While price action maintains a negative bias, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 179,400, while the previous figure was 173,500. Spain Consumer Price Index came out at 4.1%, while a consensus of analysts was expecting 4.1%. Spain HICP (YoY) (Apr) came out at 3.8, while a consensus of analysts was expecting 3.8.
EUR/CAD's value drop coincided with the fact that NZD/USD dips 1.72% yesterday and closed at 0.63.
Though EUR/CAD has been dropping, other pairs have been performing better: GBP/NZD shoots up 1.25% yesterday and closed at 1.9853. EUR/NZD added 1.18% and closed around 1.7322 yesterday.
As things stand, EUR/CAD is 2.41% away from a significant high of 1.5086, first set 10 days ago.
