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June 29, 2023EUR/USD is down to 1.0905, after ending yesterday at 1.0918. Overall, a 0.12% loss or 13 pips today.
United States Fed Chair Powell speech is next today at 06:30 UTC.
On the flip side, positive data for the Euro released earlier when following a previous reading of -3.83 million, Crude Oil Inventories in United States released yesterday at 14:30 UTC fell short of the -1.76 million figure expected by analysts with an actual reading of -9.60 million.
While price action maintains a negative bias, Italy Consumer Price Index released yesterday at 09:00 UTC with a figure of 0%, while the previous figure was 0.3%. Germany GfK Consumer Climate (Jul) came out at -25.4, while a consensus of analysts was expecting -23.
In the meantime, negative performances are seen in other pairs, EUR/JPY closed at 157.32 (down 0.16%). GBP/JPY is down to 182.22, losing 20 pips, after closing at 182.43 in the preceding trading session.
In addition, USD/CHF trades close to 0.8973, with no major change.
Furthermore, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. France HICP (MoM) will be released tomorrow at 06:45 UTC. France Consumer Price Index figure is projected at 0.2%. It previously stood at -0.1%; data will be released tomorrow at 06:45 UTC.
After setting a supportive marker at 0.9596 around 9 months ago, the Euro is now trading 13.77% above this level.
