Upwardly mobile EUR/CAD extends gains by 75 pips; closes session 0.52% higher

A quick look at Friday: EUR/CAD ascends 0.52% to close at 1.4638 Friday.

While EUR/CAD is up today, these currencies are lagging behind: USD/JPY falls 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. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

Furthermore, the market is looking at 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. As things stand, EUR/CAD is 1.46% away from a significant high of 1.4778, first set 7 days ago.