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April 14, 2023
After a mostly steady day, EUR/CAD loses 42 pips late into the session, trading at 1.469.
Meanwhile, Germany Consumer Price Index came out at 0.8%, while a consensus of analysts was expecting 0.8%. Canada Manufacturing Sales (MoM) (Feb) released today at 12:30 UTC with a figure of -3.6, while the previous figure was 4.5. Spain Consumer Price Index came out at 3.3%, while a consensus of analysts was expecting 3.3%.
In the meantime, negative performances are seen in other pairs, AUD/USD closed at 0.6703 (down 1.22%).
Though EUR/CAD has been dropping, other pairs have been performing better: having closed the previous session at 1.3222, USD/SGD is up 0.68% today to currently trade at around 1.3312. EUR/NZD is up 0.98% to 1.7705.
Furthermore, Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.
The currency pair has been trending positively for about 2 months. As things stand, EUR/CAD is 14.26% away from a significant low of 1.2895 first set 7 months ago.
