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June 24, 2023Yesterday at a glance: EUR/CAD dipped as low as 1.4349 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (1.4412) with EUR/CAD closing the day at 1.4363.
Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 144,600, while the previous figure was 151,800. Euro Zone Composite PMI came out at 50.3, while a consensus of analysts was expecting 52.5. Fresh Services PMI data from France came out at 48.
EUR/CAD's value drop coincided with the fact that AUD/USD drops 1.22% yesterday and closed at 0.676. After ending yesterday's session at 1.0959, EUR/USD lost 62 pips and is trading around 1.0896.
Positive performances can be seen by looking at other currencies as USD/SGD surges 0.59% yesterday and closed at 1.3445.
Furthermore, Euro Zone ECB's Schnabel speech set for today at 13:15 UTC.
Having set a peak of 1.5086 around a month ago, EUR/CAD is now trading 4.51% below this level.
