EUR/NZD has been up for four days in a row, gaining 42 pips to reach 1.7726.

Published: May 26 2023, 21:26 GMT+0

EUR/NZD has been up for four days in a row, gaining 42 pips to reach 1.7726.

EUR/NZD posts light gains on a low-volatility day, ranging between 1.7628 – 1.7753 and is now at 1.7726.

This move comes while some more positive signs for EUR/NZD are out as highly important GDP data from Germany beat analyst expectations of -0.1 with a reading of -0.3.

Meanwhile, Euro Zone CFTC EUR speculative net positions released today at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. France France Jobseekers Total released today at 10:00 UTC with a figure of 2.80 million, while the previous figure was 2.79 million.

Other currencies are also rising as GBP/JPY is up 0.66%. GBP/NZD is up 0.47%. USD/JPY ascends 0.41% to trade around 140.62.

Having set a peak of 1.8041 around 30 days ago, EUR/NZD is now trading 1.98% below this level.

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