Tentatively higher from an earlier low of 1.0891, EUR/USD is up to 1.0912 today, adding 14 pips, or 0.13%, to Friday's closing price of 1.0898.
At the same time, Germany Business Expectations published today at 08:00 UTC came out at 83.6, falling short of the 88 projections and continuing its decline from the previous 88.3 figure. Germany Business Climate Index published today at 08:00 UTC came out at 88.5, falling short of the 90.7 projections and continuing its decline from the previous 91.5 figure. Germany Current Assessment (Jun) came out at 93.7, while a consensus of analysts was expecting 93.5.
A look at other currencies also shows bullish price action as NZD/USD goes up 0.43% to trade around 0.6171.
At the same time, GBP/NZD is down to 2.0615, losing 84 pips, after closing at 2.07 in the preceding trading session. USD/CAD is down 36 pips from the beginning of the session and now trades around 1.3145.
Furthermore, the market is looking at Euro Zone ECB President Lagarde speech is expected tomorrow at 08:00 UTC. Euro Zone ECB's Panetta speech is scheduled tomorrow at 08:30 UTC. Euro Zone ECB's Elderson speech will be released tomorrow at 09:30 UTC.
Having set a significant low of 0.9596 8 months ago, the Euro is trading 13.56% higher.