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April 17, 2023EUR/CAD slides down from 1.4687 to 1.4639 today, losing 47 pips (0.33%).
EUR/CAD is currently trading at 1.4639 following the release of ECB President Lagarde speech data from the Euro Zone.
Amid the market gloom, Canada Foreign Securities Purchases (Feb) came out at 4.62 billion, while a consensus of analysts was expecting 6.28 billion. Canada Wholesale Sales (MoM) (Feb) released today at 12:30 UTC with a figure of -1.7, while the previous figure was 6.1. Italy Consumer Price Index released today at 08:00 UTC with a figure of -0.4%, while the previous figure was 0.2%.
In the meantime, negative performances are also seen in other pairs as EUR/USD is down to 1.0929, losing 68 pips, after closing at 1.0997 in the preceding trading session.
Though EUR/CAD has been dropping, other pairs have been performing better: having closed the previous session at 0.8928, USD/CHF is up 0.62% today to currently trade at around 0.8983. USD/SGD is up 0.32%.
Furthermore, Germany ZEW Economic Sentiment Index figure is projected at 15.1. It previously stood at 13; data will be released tomorrow at 09:00 UTC. Canada Core Consumer Prices is expected tomorrow at 12:30 UTC. Canada Consumer Price Index figure is projected at 0.5%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.
The currency pair has been trending positively for about 2 months. After setting a supportive marker at 1.2895 around 7 months ago, EUR/CAD is now trading 13.9% higher.
