Mixed sentiment sees EUR/NZD currency pair ending the session broadly flat; establishes tight 1.6832 to 1.6859 range

Published: January 26 2023, 02:01 GMT+0

Mixed sentiment sees EUR/NZD currency pair ending the session broadly flat; establishes tight 1.6832 to 1.6859 range

Currently trading at 1.6843, EUR/NZD remains range-bound between 1.6832 and 1.6859.

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

Meanwhile, data for France Jobseekers Total released yesterday at 11:00 UTC is better than expected with 2.82 million, but worse than previous figure of 2.81 million. Data for Germany Business Expectations published yesterday at 09:00 UTC came out at 86.4, beating projections of 85 and showing improvement over the preceding figure of 83.2.

Elsewhere, other currency pairs are also gaining ground as GBP/CAD is up 0.23%.

Meanwhile, USD/JPY draws back 0.25% to trade around 129.18. EUR/JPY is down to 141.08, losing 28 pips, after closing at 141.36 in the preceding trading session.

Furthermore, the market is looking at Euro Zone ECB President Lagarde speech scheduled to come out tomorrow at 10:30 UTC. Spain GDP figure is projected at 0.1. It previously stood at 0.1; data will be released tomorrow at 08:00 UTC. New Zealand ANZ Business Confidence (Jan) will be released tomorrow at 00:00 UTC.

EUR/NZD is now trading 3.66% away from its significant high of 1.7482 first tested 3 months ago.

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