| 
April 19, 2023EUR/CAD rallies 51 pips (0.35%) deep into the session, trading at 1.4742.
Meanwhile, Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 6.9%, while the previous figure was 8.5%. Canada Core Consumer Prices came out at 0.6%, while a consensus of analysts was expecting 0.4%. Germany ZEW Economic Sentiment Index came out at 4.1.
A look at other currencies also shows bullish price action as GBP/JPY jumps 0.64% to trade around 167.66. Having closed the previous session at 1.6638, GBP/CAD is up 0.61% today to currently trade at around 1.674. Having closed the previous session at 134.07, USD/JPY is up 0.53% today to currently trade at around 134.78.
Furthermore, the market is looking at Euro Zone ECB Publishes Account of Monetary Policy Meeting is expected tomorrow at 11:30 UTC. Tomorrow at 06:00 UTC data for Germany Producer Price Index will be released, with an expected decline to -0.5% from the preceding figure of -0.3%. Canada BoC Senior Deputy Governor Rogers speech will be released tomorrow at 15:30 UTC.
Trading mostly sideways for 2 months. EUR/CAD is now trading 13.92% away from its significant low of 1.2895 first tested 7 months ago.
