EUR/CAD retraces 36 pips from 1 year high, trades at 1.4606

Published: January 25 2023, 20:41 GMT+0

EUR/CAD retraces 36 pips from 1 year high, trades at 1.4606

EUR/CAD rallied to 1.4643, hitting its highest point in 1 year. It later lost 36 pips and is now trading at 1.4606.

Elsewhere, other currency pairs are also gaining ground as GBP/NZD leaps up 0.84% to trade around 1.9132. GBP/CAD gained 0.69% and is now trading at 1.6593.

While EUR/CAD is up today, these currencies are lagging behind: USD/SGD closed at 1.3132 (down 0.47%).

The past 3 months have been positive for EUR/CAD as it added 7.45% compared to its 3-month low of 1.2895.

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