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May 31, 2023After dipping down to 1.0691, EUR/USD regains earlier losses and reaches 1.0697.
Germany Manufacturing PMI is next tomorrow at 07:55 UTC.
Uptick comes while some more positive signs for Euro-Dollar are out as data for Germany Unemployment Change published today at 07:55 UTC came out at 9,000, beating projections of 14,000 and showing improvement over the preceding figure of 23,000.
At the same time, United States JOLTs Job Openings (Apr) released today at 14:00 UTC with a figure of 10.10 million, while the previous figure was 9.74 million. Germany Consumer Price Index came out at 6.1%, while a consensus of analysts was expecting 7.3%.
While the Euro is up today, these currencies are lagging behind: USD/JPY is down to 139.07, losing 21 pips, after closing at 139.29 in the preceding trading session. EUR/JPY is trading around 148.73 (down 16 pips).
Other currencies are showing mixed performance as GBP/JPY trades with no major change, around 173.07.
Also worthy of note, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting will be released tomorrow at 11:30 UTC. Euro Zone ECB President Lagarde speech is scheduled tomorrow at 09:30 UTC.
Having set a peak of 1.1073 around 28 days ago, Euro-Dollar is now trading 3.45% below this level.
