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June 13, 2023Tentatively higher from an earlier low of 1.076, EUR/USD is up to 1.0795 today, adding 34 pips, or 0.32%, to yesterday's closing price of 1.0761.
The Euro is currently trading at 1.0795 following the release of Core Consumer Prices data from the United States.
At the same time, Germany ZEW Economic Sentiment Index came out at -8.5, while a consensus of analysts was expecting -13.1. United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%. Fresh Core Consumer Prices data from United States came out at 0.4%.
Elsewhere, other currency pairs are also gaining ground as GBP/JPY is up 1.25%. GBP/USD surges 0.77% to trade around 1.2611. EUR/JPY soars 0.79% to trade around 151.32.
Also worthy of note, United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million. It previously stood at -451,000; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at Euro Zone Industrial Production is projected to outperform its last figure with 1%, having previously been at -4.1%. The figure will be published tomorrow at 09:00 UTC. Germany 10-Year Bund Auction scheduled to come out tomorrow at 09:30 UTC.
The currency pair has been trending lower for about a month. Euro-Dollar is now trading 2.82% away from its significant high of 1.1073 first tested a month ago.
