After four days of declines, EUR/NZD is up 63 pips today

Published: November 25 2022, 10:20 GMT+0

After four days of declines, EUR/NZD is up 63 pips today

EUR/NZD rallies 63 pips (0.38%) deep into the session, trading at 1.6683.

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, Germany GDP released today at 07:00 UTC is better than expected at 1.2% but down from preceding data of 1.7% according to new data.

Other currencies are also rising as EUR/JPY ascends 0.54% to trade around 145.03. USD/JPY is up 0.51%. GBP/JPY is up 0.43%.

Furthermore, the market is looking at 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.

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