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April 12, 2023The Euro trades at 1.0996 after gaining 79 pips (0.73%).
The Euro is currently trading at 1.0996 following the release of FOMC Meeting Minutes data from the United States.
Nevertheless, United States Crude Oil Inventories came out at 597,000, better than analyst estimates of -583,000 and improving upon the previous reading of -3.74 million.
Meanwhile, United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%. United States Consumer Price Index released today at 12:30 UTC with a figure of 5%, while the previous figure was 6%.
Other currencies are also rising as EUR/CAD gained 0.53% and is currently trading at 1.4769.
At the same time, USD/CHF is down to 0.8958, losing 75 pips, after closing at 0.9033 in the preceding trading session. USD/SGD is down to 1.3278, losing 46 pips, after closing at 1.3325 in the preceding trading session.
Furthermore, the market is looking at Germany Consumer Price Index figure is projected at 0.8%. It previously stood at 0.8%; data will be released tomorrow at 06:00 UTC. Euro Zone Industrial Production is projected to outperform its last figure with 1%, having previously been at 0.7%. The figure will be published tomorrow at 09:00 UTC. Germany Consumer Price Index is expected tomorrow at 06:00 UTC.
The currency pair has been trending positively for about a month. As things stand, the Euro is 13.76% away from a significant low of 0.9596 first set 6 months ago.
