Yesterday's lacklustre market sentiment sees EUR/CAD drop 0.19%

Yesterday at a glance: bearish sentiment ensured EUR/CAD finished yesterday's session lower. However, despite the downward bias, EUR/CAD etched out a distinct 1.4585 to 1.4649 session range.

Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. Fresh Wholesale Sales (MoM) data from Canada came out at 1.6. France Jobseekers Total released yesterday at 10:00 UTC is better than expected at 2.80 million but down from preceding data of 2.79 million according to new data.

Though EUR/CAD has been dropping, other pairs have been performing better: GBP/NZD rallies 0.52% yesterday and closed at 2.0311. GBP/JPY went up by 0.64% yesterday, and closed at 173.63. Notably, USD/JPY rose 0.41% yesterday and closed at 140.05.

Having set a peak of 1.5086 around 24 days ago, EUR/CAD is now trading 3.04% below this level.