After four days of declines, EUR/NZD is up 40 pips today

Published: November 25 2022, 12:31 GMT+0

After four days of declines, EUR/NZD is up 40 pips today

After ending the previous trading day at 1.6619, EUR/NZD went up to 1.6696 only to drop back; still positive overall today, now trading at 1.6659.

Nevertheless, data for Germany GDP published today at 07:00 UTC came out at 0.4, beating projections of 0.3 and showing improvement over the preceding figure of 0.1. Highly important Business Climate Index data from Germany beat analyst expectations of 85 with a reading of 86.3.

Meanwhile, data for Germany GDP released today at 07:00 UTC is better than expected with 1.2%, but worse than previous figure of 1.7%.

Other currencies are also rising as having closed the previous session at 138.59, USD/JPY is up 0.55% today to currently trade at around 139.36. USD/CHF is up 0.35%. EUR/JPY moves up 0.39% to trade around 144.81.

Elsewhere, Euro Zone ECB's De Guindos speech is scheduled today at 17:00 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 19:30 UTC.

EUR/NZD is now trading 4.94% away from its significant high of 1.7482 first tested a month ago.