Tough start for EUR/CAD this morning following 0.1% decline; now at 1.4488

EUR/CAD slides down from 1.4503 to 1.4488 today, losing 14 pips (0.1%).

Euro Zone Consumer Price Index is next today at 10:00 UTC.

Highly important Unemployment Change data from Germany beat analyst expectations of 9,000 with a reading of 2,000.

Amid the market gloom, Germany Consumer Price Index released yesterday at 13:00 UTC with a figure of 8.7%, while the previous figure was 8.7%. Germany Consumer Price Index came out at 0.8%, while a consensus of analysts was expecting 0.6%.

Though EUR/CAD has been dropping, other pairs have been performing better: USD/CHF climbs 0.29% to trade around 0.942. USD/SGD is up 0.21% to 1.3444. GBP/NZD is up 0.27%.

Furthermore, Euro Zone Consumer Price Index figure is projected at 8.2%. It previously stood at 8.6%; data will be released today at 10:00 UTC. Euro Zone ECB Monetary Policy Statement is scheduled for today at 12:30 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting will be released today at 12:30 UTC.

As things stand, EUR/CAD is 12.47% away from a significant low of 1.2895 first set 6 months ago.