After a mostly steady day, EUR/CAD loses 52 pips late into the session, trading at 1.38.
EUR/CAD is currently trading at 1.38 following the release of Consumer Price Index data from the Euro Zone.
Amid the market gloom, Euro Zone Consumer Price Index released today at 10:00 UTC with a figure of 10.6%, while the previous figure was 9.9%. Canada Core Consumer Prices released yesterday at 13:30 UTC with a figure of 0.4%, while the previous figure was 0.4%. Fresh Core Consumer Prices data from Canada came out at 5.8%.
In the meantime, negative performances are also seen in other pairs as AUD/USD is down to 0.667, losing 72 pips, after closing at 0.6743 in the preceding trading session.
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.9444, USD/CHF is up 0.95% today to currently trade at around 0.9534. USD/SGD surges 0.51% to trade around 1.3765.
Furthermore, Euro Zone ECB President Lagarde speech is scheduled tomorrow at 08:30 UTC. Canada Foreign Securities Purchases (Sep) is scheduled for tomorrow at 13:30 UTC. Canada RMPI (MoM) (Oct) scheduled to come out tomorrow at 13:30 UTC.
After setting a supportive marker at 1.2895 around 2 months ago, EUR/CAD is now trading 7.42% above this level.