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May 25, 2023EUR/USD slides down from 1.0753 to 1.0743 today, losing 10 pips (0.09%).
Germany GDP data will be released today at 06:00 UTC, with an expected improvement to -0.1. Euro-Dollar reaction to indicator information will follow.
Following a previous reading of 93.4, Business Climate Index in Germany released yesterday at 08:00 UTC fell short of the 93 figure expected by analysts with an actual reading of 91.7.
On the flip side, United States Crude Oil Inventories published yesterday at 14:30 UTC came out at -12.46 million, falling short of the -920,000 projections and continuing its decline from the previous 5 million figure.
Meanwhile, Germany Business Expectations published yesterday at 08:00 UTC came out at 88.6, falling short of the 91.9 projections and continuing its decline from the previous 91.7 figure.
In the meantime, negative performances are seen in other pairs, GBP/USD is down to 1.2345, losing 22 pips, after closing at 1.2367 in the preceding trading session.
Positive performances can be seen by looking at other currencies as USD/SGD is up 0.23%. USD/JPY gained 0.19% and is now trading at 139.62.
Furthermore, as things stand, upcoming Germany GDP data is projected to fall short of market expectations with newly published data of 0.2%, following on from the preceding figure of 0.3%. New data is set to be published today at 06:00 UTC. Germany GfK Consumer Climate (Jun) scheduled to come out today at 06:00 UTC. Germany Buba Mauderer speech is scheduled tomorrow at 07:05 UTC.
Having set a peak of 1.1073 around 22 days ago, the Euro is now trading 2.9% below this level.
