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June 26, 2023EUR/CAD weakened earlier in the day, before moving away from its 1.4322 low and recovering back to 1.4345.
Meanwhile, Germany Business Expectations published today 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. Following a previous reading of 91.5, Business Climate Index in Germany released today at 08:00 UTC fell short of the 90.7 figure expected by analysts with an actual reading of 88.5. Germany Current Assessment (Jun) came out at 93.7, while a consensus of analysts was expecting 93.5.
In the meantime, negative performances are also seen in other pairs as EUR/JPY is down to 156, losing 54 pips, after closing at 156.54 in the preceding trading session. After ending Friday's session at 143.66, USD/JPY lost 52 pips and is trading around 143.13. GBP/JPY is trading around 182.26 (down 47 pips).
Furthermore, Canada Consumer Price Index figure is projected at 0.5%. It previously stood at 0.7%; data will be released tomorrow at 12:30 UTC. Canada Core Consumer Prices figure is projected at 3.9%. It previously stood at 4.1%; data will be released tomorrow at 12:30 UTC. Canada Core Consumer Prices figure is projected at 0.5%. It previously stood at 0.5%; data will be released tomorrow at 12:30 UTC.
As things stand, EUR/CAD is 4.83% away from a significant high of 1.5086, first set a month ago.
