EUR/CAD reached 1.4684, breaking a 1 year record. Later, it lost 31 pips and is now trading at 1.4652.
Canada Employment Change data will be released today at 13:30 UTC, with an expected decline to 10,000.
Meanwhile, Germany Consumer Price Index released today at 07:00 UTC with a figure of 8.7%, while the previous figure was 8.7%. Germany Consumer Price Index came out at 0.8%, while a consensus of analysts was expecting 0.8%. France Non-Farm Payrolls (QoQ) (Q4) came out at 0.2, while a consensus of analysts was expecting zero.
A look at other currencies also shows bullish price action as GBP/JPY is up 1.05% to 164. EUR/JPY jumps 0.68% to trade around 145.03. Having closed the previous session at 136.16, USD/JPY is up 0.59% today to currently trade at around 136.96.
Furthermore, the market is looking at Canada Employment Change projected to decline to 10,000 while previous data was 150,000; data will be released today at 13:30 UTC.
Elsewhere, Euro Zone ECB President Lagarde speech is scheduled today at 15:00 UTC. Today at 13:30 UTC data for Canada Unemployment Rate will be released, with an expected decline to 5.1 from the preceding figure of five. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.
Having established significant support at 1.2895 approximately 6 months ago, EUR/CAD's share price has bounced 13.48% higher.