| 
May 12, 2023EUR/USD posts light gains on a low-volatility day, ranging between 1.0904 – 1.1002 and is now at 1.093.
Uptick comes while some more positive signs for Euro-Dollar are out as United States Producer Price Index released earlier showed a marked improvement to 0.2% from the preceding data of -0.4%, but fell short of the 0.3% figure forecast by a consensus of market analysts. United States Initial Jobless Claims published yesterday at 12:30 UTC came out at 264,000, falling short of the 245,000 projections and continuing its decline from the previous 242,000 figure.
Meanwhile, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.50 trillion, while the previous figure was 8.50 trillion.
Other currencies are also rising as having closed the previous session at 1.9853, GBP/NZD is up 0.8% today to currently trade at around 2.0012. EUR/NZD soars 0.86% to trade around 1.7472.
Meanwhile, NZD/USD is down 44 pips from the beginning of the session and now trades around 0.6255.
Furthermore, the market is looking at France HICP (MoM) (Apr) is expected today at 06:45 UTC. Spain Consumer Price Index figure is projected at 4.1%. It previously stood at 3.3%; data will be released today at 07:00 UTC. Spain HICP (YoY) (Apr) scheduled to come out today at 07:00 UTC.
Having set a peak of 1.1073 around 9 days ago, Euro-Dollar is now trading 1.38% below this level.
