A quick look at Friday: EUR/CAD rises 0.52% to close at 1.4638 Friday.
While EUR/CAD is up today, these currencies are lagging behind: USD/JPY lost 1.33% Friday and closed at 133.59. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD drops 0.75% Friday and closed at 1.7137.
The market is looking forward to the release of new data: as things stand, upcoming Germany Producer Price Index data is projected to fall short of market expectations with newly published data of -1.6%, following on from the preceding figure of -1%. New data is set to be published tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) scheduled to come out tomorrow at 10:00 UTC.
The currency pair has been trending positively for about a month. EUR/CAD is now trading 1.46% away from its significant high of 1.4778 first tested 7 days ago.