Euro/Dollar hits 1.1995, highest rate in 6 weeks .
EUR/USD spikes to 1.1982 gaining 84 pips. (Start trading Euro/Dollar at FXTM today).
The uptick comes while some more positive signs for the Euro/Dollar are out as the Euro Zone Consumer Price Index matches expectations with a new data release of 1.3. This is also a step forward from the previous data of 0.9. United States Building Permits came out at 1.77 million, above the estimate of 1.75 million. This is also a step forward from the previous data of 1.72 million.
A look at other markets also shows green moves as the Euro/Yen rallies beyond 130.63 for the first time in 2 years. The New-Zealand Dollar made its largest weekly jump of 105 pips(0.34%) since November 2020.
At the same time, Yen made its largest weekly gain of 104 pips (0.04%) since November 2020. The GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. GBP/CAD hits a 4 month low, as it drops to 1.697