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June 03, 2023A quick look at yesterday: after a mostly steady day, Euro-Dollar lost 0.49% deep into the session, ending up at 1.0712.
Highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 339,000.
On the flip side, United States Average Hourly Earnings fell short of the 0.4% projections, with new data of 0.3%.
While price action maintains a negative bias, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 165,700, while the previous figure was 173,700.
Euro-Dollar's value drop coincided with the fact that EUR/AUD lost 1.09% yesterday and closed at 1.637. EUR/CAD drops 0.69% yesterday and closed at 1.4469.
Positive performances can be seen by looking at other currencies as USD/JPY leaps up 0.84% yesterday and closed at 138.8.
The currency pair has been trending lower for about 30 days. The Euro is now trading 2.78% away from its significant high of 1.1073 first tested a month ago.
