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May 04, 2023After a mostly steady day, EUR/USD loses 39 pips late into the session, trading at 1.103.
The Euro is currently trading at 1.103 following the release of ECB President Lagarde speech data from the Euro Zone.
While price action maintains a negative bias, Euro Zone Interest Rate released today at 12:15 UTC with a figure of 3.75, while the previous figure was 3.5. Euro Zone Deposit Facility Rate (May) came out at 3.25, while a consensus of analysts was expecting 3.25. Fresh ECB Marginal Lending Facility data from Euro Zone came out at four.
In the meantime, negative performances are also seen in other pairs as EUR/NZD closed at 1.7524 (down 1.34%). GBP/NZD closed at 2.0013 (down 0.77%). EUR/CAD is down 125 pips from the beginning of the session and now trades around 1.4928.
Furthermore, tomorrow at 06:00 UTC data for Germany Factory Orders will be released, with an expected decline to -2.2% from the preceding figure of 4.8%. Euro Zone Retail Sales is projected to outperform its last figure with -0.1%, having previously been at -0.8%. The figure will be published tomorrow at 09:00 UTC. France Non-Farm Payrolls (QoQ) (Q1) is scheduled for tomorrow at 06:45 UTC.
The currency pair has been trending positively for about a month. The past 6 months have been positive for Euro-Dollar as it appreciated 13.6%, having traded as low as 0.9596.
