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July 04, 2023EUR/USD recovering almost all the way back to 1.0916 today, after dipping down to 1.0898.
Meanwhile, Spain Unemployment Change released earlier showed a marked improvement to -50,300 from the preceding data of -49,300, but fell short of the -63,500 figure forecast by a consensus of market analysts. Germany Trade Balance (May) released today at 06:00 UTC with a figure of 14.4 billion, while the previous figure was 16.5 billion. United States ISM Manufacturing PMI (Jun) came out at 46, while a consensus of analysts was expecting 47.2.
In the meantime, negative performances are also seen in other pairs as EUR/NZD closed at 1.7674 (down 0.31%). GBP/NZD is down to 2.0571, losing 46 pips, after closing at 2.0618 in the preceding trading session.
Though Euro-Dollar has been dropping, other pairs have been performing better: NZD/USD gained 0.29% and is now trading at 0.6172.
Furthermore, Euro Zone Composite PMI is expected tomorrow at 08:00 UTC. Italy Services PMI is expected tomorrow at 07:45 UTC. Germany Buba President Nagel speech set for today at 16:00 UTC.
Trading mostly sideways for a month. Euro-Dollar is now trading 13.75% away from its significant low of 0.9596 first tested 9 months ago.
