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June 13, 2023EUR/USD posts light gains on a low-volatility day, ranging between 1.076 – 1.077 and is now at 1.0769.
Germany Consumer Price Index is next today at 06:00 UTC.
At the same time, United States Federal Budget Balance (May) released yesterday at 18:00 UTC with a figure of -240 billion, while the previous figure was 176 billion. United States 10-Year Note Auction released yesterday at 17:00 UTC with a figure of 3.791, while the previous figure was 3.448. Fresh 3-Year Note Auction data from United States came out at 4.202.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.5926, EUR/AUD is up 0.19% today to currently trade at around 1.5956. GBP/NZD gained 0.15% and is currently trading at 2.046. Having closed the previous session at 1.7561, EUR/NZD is up 0.19% today to currently trade at around 1.7594.
Furthermore, the market is looking at Germany ZEW Economic Sentiment Index figure is projected at -12.7. It previously stood at -10.7; data will be released today at 09:00 UTC. Euro Zone Industrial Production is projected to outperform its last figure with 1%. It previously stood at -4.1%; data will be released tomorrow at 09:00 UTC. Spain HICP (YoY) (May) is expected today at 07:00 UTC.
The currency pair has been trending lower for about a month. The Euro is now trading 2.82% away from its significant high of 1.1073 first tested a month ago.
