A quick look at Friday: EUR/CAD rallied 45 pips (0.32%) deep into the session, reaching 1.4171.
Euro Zone ECB President Lagarde speech is next tomorrow at 01:45 UTC.
While EUR/CAD is up today, these currencies are lagging behind: after ending Friday's session at 142.39, EUR/JPY lost 87 pips and is trading around 141.51. After ending Friday's session at 1.6509, EUR/NZD lost 99 pips and is trading around 1.6409. USD/JPY lost 0.6% Friday and closed at 135.31.
The market is looking forward to the release of new data: Euro Zone ECB President Lagarde speech is scheduled tomorrow at 01:45 UTC. As things stand, upcoming Euro Zone Retail Sales data is projected to fall short of market expectations with newly published data of -1.7%, following on from the preceding figure of 0.4%. New data is set to be published tomorrow at 10:00 UTC. Canada Building Permits is expected tomorrow at 13:30 UTC.
The currency pair has been trending positively for about 29 days. EUR/CAD now trading 8.87% above its 3-month low of 1.2895.