Kicking off the session at 1.6841, EUR/NZD currency pair peaks at 1.6854

Published: January 25 2023, 23:36 GMT+0

Kicking off the session at 1.6841, EUR/NZD currency pair peaks at 1.6854

Tentatively higher from an earlier low of 1.6832, EUR/NZD is up to 1.6842 today, adding 87 pips, or 0.52%, to yesterday's closing price of 1.6755.

On the flip side, highly important Business Climate Index data from Germany beat analyst expectations of 90.2 with a reading of 90.2.

At the same time, New Zealand Consumer Price Index came out at 1.4, while a consensus of analysts was expecting 1.3. 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.

Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.8972, GBP/NZD is up 0.91% today to currently trade at around 1.9146. GBP/CAD surges 0.84% to trade around 1.6617.

Meanwhile, USD/SGD closed at 1.312 (down 0.56%).

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

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