EUR/CAD testing the 1.4100 region after Canadian CPI

FXstreet.com (New York) – The EUR/CAD technical cross has traded unevenly at the top end of its range following the release of Canadian data during US trading.

In Canada, the Consumer Price Index (YoY) grew by +1.3% in July, missing expectations of +1.4%. Moreover, the Consumer Price Index (MoM) yielded a figure of only +0.1% in July, compared to estimates of +0.2%. Finally, the Bank of Canada Consumer Price Index Core (YoY) came in at +1.4%, matching projections.

EUR/CAD technical levels

After retreating off earlier highs at 1.4129, the EUR/CAD has eased to 1.4096, still clinging to a healthy gain of +0.31% …read more