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April 15, 2023
A quick look at yesterday: after a mostly steady day, EUR/CAD lost 0.3% deep into the session, ending up at 1.4688.
Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 163,300, while the previous figure was 143,400. Canada Manufacturing Sales (MoM) (Feb) came out at -3.6, while a consensus of analysts was expecting -2.7. Spain Consumer Price Index released yesterday at 07:00 UTC with a figure of 3.3%, while the previous figure was 6%.
EUR/CAD's value drop coincided with the fact that AUD/USD lost 1.1% yesterday and closed at 0.6786.
Positive performances can be seen by looking at other currencies as USD/SGD went up by 0.64% yesterday, and closed at 1.3306. EUR/NZD added 0.99% and closed around 1.7533 yesterday.
Furthermore, Italy Consumer Price Index is expected tomorrow at 08:00 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.
