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March 04, 2023A quick look at yesterday: EUR/CAD ended Thursday at 1.441. yesterday it went up to 1.4482 only to drop back, yet still managed to close at 1.4457.
At the same time, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 165,000, while the previous figure was 150,500. Canada Building Permits came out at -4%, while a consensus of analysts was expecting 1.5%. Canada Labor Productivity (QoQ) (Q4) released yesterday at 13:30 UTC with a figure of -0.5, while the previous figure was -0.3.
Other currencies are also rising as GBP/NZD went up by 0.8% yesterday, and closed at 1.9353. GBP/USD is trading around 1.2044 after ending yesterday's session at 1.1943 (up 0.84% today). GBP/CAD went up by 0.84% yesterday, and closed at 1.6375.
As things stand, EUR/CAD is 11.75% away from a significant low of 1.2895 first set 6 months ago.
