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May 03, 2023The Euro trades at 1.1068 after gaining 63 pips (0.57%).
Euro-Dollar is currently trading at 1.1068 following the release of FOMC Press Conference data from the United States.
This move comes while some more positive signs for Euro-Dollar are out as highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million.
Meanwhile, Euro Zone Consumer Price Index came out at 7%, while a consensus of analysts was expecting 7%. United States Interest Rate released today at 18:00 UTC with a figure of 5.25, while the previous figure was five.
Also worthy of note, Euro Zone Deposit Facility Rate (May) will be released tomorrow at 12:15 UTC. Euro Zone Interest Rate is expected tomorrow at 12:15 UTC. Euro Zone ECB Marginal Lending Facility is scheduled for tomorrow at 12:15 UTC.
The currency pair has been trending positively for about a month. Euro-Dollar has appreciated 12% over the past six months.
