Euro-Dollar up four days in a row, gaining 53 pips, closing at 1.0671.

Published: March 19 2023, 19:35 GMT+0

Euro-Dollar up four days in a row, gaining 53 pips, closing at 1.0671.

A quick look at Friday: EUR/USD climbs 0.5% to close at 1.0671 Friday.

Other currencies are also rising as NZD/USD soars 1.62% Friday and closed at 0.6194.

While Euro-Dollar is up today, these currencies are lagging behind: USD/JPY dips 1.04% Friday and closed at 133.59. After ending Friday's session at 1.7137, EUR/NZD lost 148 pips and is trading around 1.6988.

Also worthy of note, 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) scheduled to come out tomorrow at 10:00 UTC.

As things stand, the Euro is 10.65% away from a significant low of 0.9596 first set 5 months ago.

Back