Bullish sentiment helps propel EUR/CAD to 0.52% gain

Friday at a glance: EUR/CAD increases 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 falls 0.44% Friday and closed at 1.3456. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

The market is looking forward to the release of new data: tomorrow at 07:00 UTC data for Germany Producer Price Index will be released, with an expected decline to -1.6% from the preceding figure of -1%. Euro Zone Trade Balance (Jan) is expected 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.