Macro accounts have been notable sellers in EUR/CAD. First noted at around 1.3350 on the 23rd, they got a bit scared around the 1.3430 area but have been back in today with all the ECB rate cut talk. The pair is down around 1% today and has been cited as the main cause of selling in USD/CAD and EUR/USD.

eurcadh4 25 04 2013

Any attempts to move lower in the pair have been held up by bids in USD/CAD in the 1.0190/200 region