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June 30, 2023EUR/USD goes up to 1.09, having dipped down to 1.0839 earlier.
The Euro is currently trading at 1.09 following the release of Core PCE Price Index (YoY) (May) data from the United States.
Meanwhile, Germany Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0.2%. United States Core PCE Price Index (YoY) (May) released today at 12:30 UTC with a figure of 4.6, while the previous figure was 4.7. United States Core PCE Price Index (MoM) (May) released today at 12:30 UTC with a figure of 0.3, while the previous figure was 0.4.
Elsewhere, other currency pairs are also gaining ground as GBP/CAD added 0.72% to its value, now trading at 1.6829. GBP/USD is up 0.59% to 1.2685. EUR/CAD is up 0.46%.
Furthermore, the market is looking at Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC.
Trading mostly sideways for 30 days. Euro-Dollar is now trading 13.25% away from its significant low of 0.9596 first tested 9 months ago.
