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April 18, 2023Euro-Dollar trades at 1.0973 after gaining 42 pips (0.39%).
The Euro is currently trading at 1.0973 following the release of Building Permits (Mar) data from the United States.
At the same time, Germany ZEW Economic Sentiment Index came out at 4.1, while a consensus of analysts was expecting 15.3. United States Building Permits (Mar) released today at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. Fresh ZEW Current Conditions (Apr) data from Germany came out at -32.5.
A look at other currencies also shows bullish price action as GBP/USD gained 0.39% and is now trading at 1.2427. GBP/CAD moves up 0.4% to trade around 1.6641. EUR/CAD improves 0.4% to trade around 1.4692.
Elsewhere, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Euro Zone Consumer Price Index figure is projected at 0.9%. It previously stood at 0.8%; data will be released tomorrow at 09:00 UTC. Euro Zone Core Consumer Prices is expected tomorrow at 09:00 UTC.
The currency pair has been trending positively for about a month. As things stand, Euro-Dollar is 1.07% away from a significant high of 1.1048, first set 5 days ago.
