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May 10, 2023Currently trading at 1.469, EUR/CAD remains range-bound between 1.4622 and 1.4705.
At the same time, Germany Consumer Price Index came out at 0.4%, while a consensus of analysts was expecting 0.4%. Canada Building Permits released today at 12:30 UTC with a figure of 11.3%, while the previous figure was 5.5%. Germany Consumer Price Index came out at 7.2%, while a consensus of analysts was expecting 7.2%.
Other currencies are also rising as having closed the previous session at 0.6337, NZD/USD is up 0.52% today to currently trade at around 0.637.
At the same time, after ending yesterday's session at 147.47, EUR/JPY lost 17 pips and is trading around 147.29. After ending yesterday's session at 134.28, USD/JPY lost 21 pips and is trading around 134.07.
Furthermore, the market is looking at Germany Buba Mauderer speech is scheduled tomorrow at 07:00 UTC. Euro Zone ECB's Schnabel speech set for tomorrow at 12:00 UTC. Germany Buba Balz speech set for tomorrow at 16:00 UTC.
Having set a peak of 1.5086 around 7 days ago, EUR/CAD is now trading 2.71% below this level.
