Friday's upbeat market sentiment sees EUR/CAD gain 0.52%

Friday at a glance: EUR/CAD rose 75 pips to close at 1.4638 Friday which makes for a move of 0.52%.

While EUR/CAD is up today, these currencies are lagging behind: USD/JPY lost 1.33% Friday and closed at 133.59. After ending Friday's session at 1.3456, USD/SGD lost 59 pips and is trading around 1.3397. EUR/NZD lost 0.75% Friday and closed at 1.7137.

The market is looking forward to the release of new data: 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) will be released 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.