eur/usd - is getting back to higher levels last week

After 2 months and a half hiatus, EUR/USD is back at 1.2104 levels.

This in-between state for EUR/USD is reflected by market data published as the United States’s Interest Rate published today at 6:00 PM came out at 0.25.

The indicator value matched both the projected value and the previous data of 0.25. The United States Crude Oil Inventories fell short of the 659,000 projections, at 90,000 and continued its downward trajectory from the previous figure of 594,000. German GfK Consumer Climate (May) fell short of the -3.5 projections, with -8.8 and continued its downward trajectory from the previous figure of -6.1.

While the Euro/Dollar is pretty flat so far today, mixed performances are seen elsewhere as GBP/CAD dropped to 1.7157, as it hit a 4 month low.

After starting the session at 1.2405, USD/CAD lost 66 pips and is trading around 1.2339. NZD/USD is up 0.58%. After starting the session at 1.931, GBP/NZD lost 109 pips and is trading around 1.92.

Data to be released later might clear up some of the fog for the Euro/Dollar as German Unemployment Change is projected to outperform the last figure at -10,000, while it previously stood at -8,000, figure will be published tomorrow at 7:55 AM.

Spain’s HICP (YoY) (Apr) is projected to rise to 1.8, beating the previous 1.2 figure. Official data is expected tomorrow at 7:00 AM. Germany’s Unemployment Rate figure is projected at six while it previously stood at six, data will be released tomorrow at 7:55 AM. Spain’s Consumer Price Index figure is projected at 1.3 while it previously stood at 1.3, data will be released tomorrow at 7:00 AM.

Leave a Comment

Scroll to Top