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May 03, 2023Tentatively higher from an earlier low of 1.1004, EUR/USD is up to 1.1028 today, adding 23 pips, or 0.21%, to yesterday's closing price of 1.1005.
United States ADP Nonfarm Employment Change (Apr) is next today at 12:15 UTC.
Meanwhile, Euro Zone Consumer Price Index released yesterday at 09:00 UTC with a figure of 7%, while the previous figure was 6.9%. United States JOLTs Job Openings (Mar) came out at 9.59 million, while a consensus of analysts was expecting 9.78 million. Italy Consumer Price Index released yesterday at 09:00 UTC with a figure of 0.5%, while the previous figure was -0.4%.
Other currencies are also rising as having closed the previous session at 0.621, NZD/USD is up 0.39% today to currently trade at around 0.6234.
While the Euro is up today, these currencies are lagging behind: after ending yesterday's session at 136.52, USD/JPY lost 45 pips and is trading around 136.06. GBP/NZD closed at 2.0034 (down 0.24%).
The market is looking forward to the release of new data: Euro Zone Deposit Facility Rate (May) scheduled to come out tomorrow at 12:15 UTC. Euro Zone Interest Rate figure is projected at 3.75. It previously stood at 3.5; data will be released tomorrow at 12:15 UTC. Euro Zone ECB Marginal Lending Facility is expected tomorrow at 12:15 UTC.
The currency pair has been trending positively for about a month. The past 6 months have been positive for Euro-Dollar as it appreciated 12%, having traded as low as 0.9596.
