EUR/NZD lost 0.75% Friday, ending at 1.7009

Published: March 19 2023, 09:41 GMT+0

EUR/NZD lost 0.75% Friday, ending at 1.7009

Friday at a glance: EUR/NZD drops 0.75% to close at 1.7009 Friday.

EUR/NZD's value drop coincided with the fact that USD/JPY falls 1.33% Friday and closed at 133.59. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456.

Positive performances can be seen by looking at other currencies as NZD/USD went up by 1.11% Friday, and closed at 0.6263.

Furthermore, as things stand, upcoming Germany Producer Price Index data is projected to fall short of market expectations with newly published data of -1.6%, following on from the preceding figure of -1%. New data is set to be published tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is expected tomorrow at 10:00 UTC. New Zealand Balance of Trade is expected tomorrow at 21:45 UTC.

The currency pair has been trending positively for about a month. EUR/NZD now trading 4.9% above its 3-month low of 1.57.