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May 11, 2023After dipping down to 1.4629, EUR/CAD regains earlier losses and reaches 1.4729.
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 yesterday 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 showing mixed performance as GBP/NZD moves 0.09% to trade around 1.9871.
The market is looking forward to the release of new data: France HICP (MoM) (Apr) is scheduled for tomorrow at 06:45 UTC. Spain Consumer Price Index is expected tomorrow at 07:00 UTC. Spain HICP (YoY) (Apr) scheduled to come out tomorrow at 07:00 UTC.
As things stand, EUR/CAD is 2.41% away from a significant high of 1.5086, first set 8 days ago.
