After four days of declines, EUR/NZD is up 88 pips today

Published: January 25 2023, 20:06 GMT+0

After four days of declines, EUR/NZD is up 88 pips today

Tentatively higher from an earlier low of 1.674, EUR/NZD is up to 1.6843 today, adding 88 pips, or 0.53%, to yesterday's closing price of 1.6755.

Nevertheless, highly important Business Climate Index data from Germany beat analyst expectations of 90.2 with a reading of 90.2.

Meanwhile, New Zealand Consumer Price Index released yesterday at 21:45 UTC with a figure of 1.4, while the previous figure was 2.2. France Jobseekers Total released today at 11:00 UTC is better than expected at 2.82 million but down from preceding data of 2.81 million according to new data.

Other currencies are also rising as having closed the previous session at 1.8972, GBP/NZD is up 0.83% today to currently trade at around 1.9131. GBP/CAD jumps 0.64% to trade around 1.6585.

Meanwhile, USD/SGD is down 64 pips from the beginning of the session and now trades around 1.3129.

Having set a peak of 1.7482 around 3 months ago, EUR/NZD is now trading 4.16% below this level.