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June 22, 2023Slightly weaker but mostly flat: EUR/CAD is currently trading at 1.4457 as it maintains an active range between 1.4415 and 1.4477.
Meanwhile, Canada New Housing Price Index (MoM) (May) came out at 0.1, while a consensus of analysts was expecting zero. Data for Canada Retail Sales published yesterday at 12:30 UTC came out at 1.1%, beating projections of 0.2% and showing improvement over the preceding figure of -1.5%. Canada Core Retail Sales came out at 1.3%, better than analyst estimates of 0.4% and improving upon the previous reading of -0.4%.
Positive performances can be seen by looking at other currencies as USD/CHF rises 0.2% to trade around 0.8946. EUR/JPY ascends 0.2% to trade around 156.07. GBP/JPY rises 0.16% to trade around 181.34.
Furthermore, Spain GDP is projected to outperform its last figure with 0.5. It previously stood at 0.2; data will be released tomorrow at 07:00 UTC. France Services PMI figure is projected at 52. It previously stood at 52.5; data will be released tomorrow at 07:15 UTC. France Manufacturing PMI is expected tomorrow at 07:15 UTC.
EUR/CAD is now trading 4.16% away from its significant high of 1.5086 first tested a month ago.
