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February 27, 2023
Currently trading at 1.4352, EUR/CAD remains range-bound between 1.4338 and 1.4365.
A look at other currencies also shows bullish price action as GBP/USD gained 0.14% and is currently trading at 1.1959.
Meanwhile, USD/JPY closed at 136.15 (down 0.19%). EUR/JPY closed at 143.75 (down 0.11%).
The market is looking forward to the release of new data: Canada GDP figure is projected at 0.1%. It previously stood at 0.1%; data will be released tomorrow at 13:30 UTC. France Consumer Price Index is expected tomorrow at 07:45 UTC. France Consumer Spending is projected to outperform its last figure with 0.2%. It previously stood at -1.3%; data will be released tomorrow at 07:45 UTC.
The past 6 months have been positive for EUR/CAD as it appreciated 11.28%, having traded as low as 1.2895.
