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February 27, 2023EUR/USD posts light gains on a low-volatility day, ranging between 1.0536 – 1.0588 and is now at 1.0586.
New United States Core Durable Goods Orders improved upon the previous -0.4% figure while also exceeding analyst expectations with a reading of 0.7%.
On the flip side, data for United States Core Durable Goods Orders published today at 13:30 UTC came out at 0.7%, beating projections of 0.1% and showing improvement over the preceding figure of -0.4%.
At the same time, Core Durable Goods Orders in United States fell short of market expectations (-4%) with a reading of -4.5%, continuing the decline from the previous figure of 5.1%.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD leaps up 0.71% to trade around 1.9507. GBP/USD gained 0.68% and is now trading at 1.2024. EUR/NZD is up 0.43% to 1.7174.
Furthermore, the market is looking at France Consumer Price Index is expected tomorrow at 07:45 UTC. France Consumer Spending is projected to outperform its last figure with 0.2%, having previously been at -1.3%. The figure will be published tomorrow at 07:45 UTC. Spain HICP (YoY) (Feb) will be released tomorrow at 08:00 UTC.
Having set a significant low of 0.9596 5 months ago, the Euro is trading 9.96% higher.
