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June 09, 2023EUR/USD slides down from 1.0786 to 1.0773 today, losing 13 pips (0.13%).
Nonetheless, encouraging indicators for the Euro published earlier when following a previous reading of 233,000, Initial Jobless Claims in United States released yesterday at 12:30 UTC fell short of the 235,000 figure expected by analysts with an actual reading of 261,000.
Meanwhile, new Euro Zone GDP data fell short of the zero projected by analysts with a reading of -0.1 while failing to improve upon the previous reading from last month (-0.1). Euro Zone GDP published yesterday at 09:00 UTC came out at 1%, falling short of the 1.2% projections and continuing its decline from the previous 1.8% figure.
Positive performances can be seen by looking at other currencies as USD/JPY goes up 0.47% to trade around 139.56. EUR/JPY goes up 0.39% to trade around 150.34. GBP/JPY improves 0.38% to trade around 175.07.
Furthermore, Euro Zone ECB's De Guindos speech is scheduled today at 08:00 UTC. Euro Zone ECB's Enria speech scheduled to come out today at 08:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.
The currency pair has been trending lower for about a month. The Euro is now trading 2.59% away from its significant high of 1.1073 first tested a month ago.
