After closing at 1.0947 yesterday, EUR/USD opened today at 1.0944, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, EUR/USD retains a distinct 1.0807 to 1.0955 daily range.
Euro Zone Consumer Price Index is next today at 09:00 UTC.
Meanwhile, Euro Zone Deposit Facility Rate (Jun) came out at 3.5, while a consensus of analysts was expecting 3.5. Euro Zone Interest Rate released yesterday at 12:15 UTC with a figure of four, while the previous figure was 3.75. Euro Zone ECB Marginal Lending Facility released yesterday at 12:15 UTC with a figure of 4.25, while the previous figure was four.
Though Euro-Dollar has been dropping, other pairs have been performing better: USD/JPY is up 0.31%. EUR/JPY is up 0.27%. GBP/JPY improves 0.28% to trade around 179.8.
Furthermore, Euro Zone Consumer Price Index is expected today at 09:00 UTC. Euro Zone Wages in euro zone (YoY) (Q1) scheduled to come out today at 09:00 UTC. Italy Consumer Price Index figure is projected at 0.3%. It previously stood at 0.4%; data will be released today at 08:00 UTC.
Having set a significant low of 0.9596 8 months ago, Euro-Dollar is trading 14.07% higher.