The EUR/CAD currency pair traded sideways around the 1.6070 level during early European trading hours on Friday, showing little movement amid heightened market volatility. According to FX Street, the pair remained flat as investors awaited key inflation data from the Eurozone.
The upcoming Eurozone Harmonized Index of Consumer Prices (HICP) inflation report is expected to influence EUR sentiment, keeping traders cautious and limiting significant fluctuations in EUR/CAD.
Japanese investors closely monitor such Eurozone data releases, as shifts in EUR pairs can impact broader market sentiment and risk appetite across FX and equities in the region.