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April 03, 2023EUR/CAD drops 15 pips early on and steadies around the 1.4629 level.
EUR/CAD is currently trading at 1.4629 following the release of Manufacturing PMI data from the Germany.
Meanwhile, Spain Manufacturing PMI came out at 51.3, while a consensus of analysts was expecting 50.1.
In the meantime, negative performances are also seen in other pairs as EUR/AUD is down to 1.6108, losing 101 pips, after closing at 1.621 in the preceding trading session.
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.6688, AUD/USD is up 0.88% today to currently trade at around 0.6747. GBP/JPY increases 0.43% to trade around 164.53.
Furthermore, Canada Building Permits is expected tomorrow at 12:30 UTC. Canada Trade Balance (Feb) is scheduled for tomorrow at 12:30 UTC. Canada BoC Business Outlook Survey scheduled to come out today at 14:30 UTC.
The currency pair has been trending positively for about a month. EUR/CAD is now trading 13.57% away from its significant low of 1.2895 first tested 7 months ago.
