After ending the previous trading day at 1.3497, EUR/CAD went up to 1.3558 only to drop back; still positive overall today, now trading at 1.3516.
EUR/CAD is currently trading at 1.3516 following the release of ZEW Economic Sentiment Index data from the Germany.
Meanwhile, Germany ZEW Economic Sentiment Index came out at -59.2, while a consensus of analysts was expecting -65.7. Germany ZEW Current Conditions (Oct) released today at 09:00 UTC with a figure of -72.2, while the previous figure was -60.5. Italy Consumer Price Index released yesterday at 08:00 UTC with a figure of 0.3%, while the previous figure was 0.8%.
Other currencies are also rising as having closed the previous session at 0.5614, NZD/USD is up 1.13% today to currently trade at around 0.5678.
While EUR/CAD is up today, these currencies are lagging behind: GBP/NZD closed at 1.9925 (down 1.51%). EUR/NZD closed at 1.7323 (down 1.18%).
The market is looking forward to the release of new data: Euro Zone Consumer Price Index figure is projected at 10%. It previously stood at 9.1%; data will be released tomorrow at 09:00 UTC. Canada Core Consumer Prices is expected tomorrow at 12:30 UTC. Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC.
Having set a significant low of 1.2895 a month ago, EUR/CAD is trading 4.67% higher.