Tentatively higher from an earlier low of 1.4506, EUR/CAD is up to 1.4529 today, adding 9 pips, or 0.06%, to yesterday's closing price of 1.452.
Germany Unemployment Change data will be released today at 08:55 UTC, with an expected decline to 5,000.
At the same time, France Consumer Price Index released today at 07:45 UTC with a figure of 0.4%, while the previous figure was -0.1%. Fresh HICP (MoM) data from France came out at 0.4. Germany Retail Sales published today at 07:00 UTC came out at -5.3%, falling short of the 0.2% projections and continuing its decline from the previous 1.9% figure.
Elsewhere, other currency pairs are also gaining ground as USD/CAD is up 0.35% to 1.3432.
While EUR/CAD is up today, these currencies are lagging behind: after ending yesterday's session at 141.47, EUR/JPY lost 44 pips and is trading around 141.02. GBP/USD is down 40 pips from the beginning of the session and now trades around 1.2314.
Positive indicators for EUR/CAD are expected going forward as Germany Unemployment Change projected to come out at 5,000 — worse than previous data of -13,000; data will be released today at 08:55 UTC.
Furthermore, the market is looking at Germany Consumer Price Index figure is projected at 9.2%. It previously stood at 8.6%; data will be released today at 13:00 UTC. Canada GDP figure is projected at 0.1%. It previously stood at 0.1%; data will be released today at 13:30 UTC.
EUR/CAD is now trading 0.63% away from its significant high of 1.4611 first tested 6 days ago.