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April 15, 2023
Yesterday at a glance: bearish sentiment ensured EUR/USD finished yesterday's session lower. However, despite the downward bias, the Euro etched out a distinct 1.0976 to 1.1078 session range.
On the flip side, positive data for the Euro released earlier when highly important Core Retail Sales data from United States beat analyst expectations of -0.3% with a reading of -0.8%. Retail Sales in United States fell short of market expectations (-0.4%) with a reading of -1%, continuing the decline from the previous figure of -0.2%.
Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 163,300, while the previous figure was 143,400.
Euro-Dollar's value drop coincided with the fact that after ending yesterday's session at 0.6786, AUD/USD lost 74 pips and is trading around 0.6711.
Positive performances can be seen by looking at other currencies as USD/SGD added 0.64% and closed around 1.3222 yesterday. EUR/NZD rallies 0.99% yesterday and closed at 1.7533.
Furthermore, Italy Consumer Price Index is expected tomorrow at 08:00 UTC.
The currency pair has been trending positively for about a month. As things stand, Euro-Dollar is 15.13% away from a significant low of 0.9596 first set 6 months ago.
