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June 12, 2023After dipping down to 1.0737, EUR/USD regains earlier losses and goes up to 1.0753.
Other currencies are also rising as EUR/JPY improves 0.18% to trade around 150.08. USD/JPY rises 0.15% to trade around 139.57. EUR/NZD gained 0.2% and is currently trading at 1.7558.
The market is looking forward to the release of new data: Germany ZEW Economic Sentiment Index is expected tomorrow at 09:00 UTC. Germany ZEW Current Conditions (Jun) is expected tomorrow at 09:00 UTC. Spain Consumer Price Index figure is projected at 3.2%. It previously stood at 3.2%; data will be released tomorrow at 07:00 UTC.
The currency pair has been trending lower for about a month. The Euro is now trading 2.93% away from its significant high of 1.1073 first tested a month ago.
