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June 30, 2023Slightly weaker but mostly flat: EUR/CAD is currently trading at 1.4386 as it maintains an active range between 1.4324 and 1.4518.
EUR/CAD is currently trading at 1.4386 following the release of Consumer Price Index data from the Euro Zone.
Meanwhile, Germany Consumer Price Index released yesterday at 12:00 UTC with a figure of 0.3%, while the previous figure was -0.1%. Fresh 10-Year BTP Auction data from Italy came out at 4.13. Euro Zone Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0%.
In the meantime, negative performances are also seen in other pairs as EUR/GBP withdraws 0.4% to trade around 0.8581. EUR/NZD closed at 1.7827 (down 0.4%).
Positive performances can be seen by looking at other currencies as GBP/CAD is up 0.33%.
Furthermore, Canada BoC Business Outlook Survey is expected today at 14:30 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC. Canada GDP is projected to outperform its last figure with 0.2%. It previously stood at 0%; data will be released today at 12:30 UTC.
As things stand, EUR/CAD is 4.58% away from a significant high of 1.5086, first set a month ago.
