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June 04, 2023Friday at a glance: after a mostly steady day, EUR/USD lost 53 pips late into the session and closed at 1.0712.
Euro-Dollar's value drop coincided with the fact that after ending Friday's session at 1.637, EUR/AUD lost 158 pips and is trading around 1.6211. GBP/CAD lost 0.74% Friday and closed at 1.6841.
Positive performances can be seen by looking at other currencies as USD/JPY went up by 0.84% Friday, and closed at 139.97.
Furthermore, Germany Trade Balance (Apr) will be released tomorrow at 06:00 UTC. Germany Services PMI figure is projected at 57.8. It previously stood at 56; data will be released tomorrow at 07:55 UTC. Euro Zone Composite PMI figure is projected at 53.3. It previously stood at 54.1; data will be released tomorrow at 08:00 UTC.
The currency pair has been trending lower for about 30 days. Euro-Dollar is now trading 2.78% away from its significant high of 1.1073 first tested a month ago.
