The EUR / CAD currency pair traded near a one-week high on Thursday, with the focus of the market turning to the results of the upcoming European Central Bank (ECB) policy meeting later today.。

The ECB is widely expected to keep interest rates steady for years, but market participants will be closely watching ECB President Christine Lagarde's press conference for any hints on the timing of a possible rate cut.。

Markets are pricing in an ECB rate cut of around 130 basis points in 2024, with the first cut expected in April or June.。

Although the ECB ended its rapid cycle of rate hikes in September, it has maintained a fairly hawkish stance due to ongoing underlying price pressures within the eurozone.。

Meanwhile, the Bank of Canada left its overnight rate target unchanged at 5% at its fourth policy meeting in January, in line with market expectations.。

Bank of Canada policymakers said concerns remained about risks to the inflation outlook, especially after a surprise rise in core inflation measures in December.。This suggests that monetary policy may still be tightening in the short term.。

The Bank of Canada expects overall inflation to remain close to 3 per cent in the first half of 2024 before falling to its target of 2 per cent in 2025.。

EUR / CAD up 0 as of Thursday 8: 07 GMT.05%, reported 1.4720。In this transaction, this time the highest point of the currency pair rose to 1.4724。This is the currency pair since January 16 (1.4726) the highest level since。