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May 27, 2023Yesterday at a glance: bearish sentiment ensured EUR/CAD finished yesterday's session lower. However, despite the downward bias, EUR/CAD etched out a distinct 1.4585 to 1.4649 session range.
While price action maintains a negative bias, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. Fresh Wholesale Sales (MoM) data from Canada came out at 1.6. Data from France concerning Jobseekers Total was released yesterday at 10:00 UTC. Newly published figures emphasized continued decline from last month's figure of 2.79 million to 2.80 million this month.
Positive performances can be seen by looking at other currencies as notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY went up by 0.64% yesterday, and closed at 173.63. USD/JPY went up by 0.41% yesterday, and closed at 140.62.
EUR/CAD is now trading 3.04% away from its significant high of 1.5086 first tested 24 days ago.
