Bullish sentiment helps propel EUR/CAD to 0.52% gain

Friday at a glance: EUR/CAD improves 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 dips 0.44% Friday and closed at 1.3456. EUR/NZD is down to 1.7009, losing 127 pips, after ending the previous session around 1.7137.

Also worthy of note, projections for Germany Producer Price Index are set for a continuation of decline with -1.6% while previous data was -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is scheduled for tomorrow at 10:00 UTC.

The currency pair has been trending positively for about a month. Having set a peak of 1.4778 around 7 days ago, EUR/CAD is now trading 1.46% below this level.