ECB’s Lagarde commented yesterday: " The fight against inflation is not over". Growth in Europe is mediocre, much slower than in the US We’re clearly seeing timid signs of recovery The game (of fighting inflation) is not over
This was a hawkish comment made at a time when everyone expected the ECB to cut rates at the June meeting.
EUR/CAD continues to develop into bullish territory and if it holds this zone, we could see EURCAD rise further, looking at this from an intraday trading perspective.
You may find more details in the chart! Thank you and Good Luck!
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