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March 11, 2023
A quick look at yesterday: with a daily low of 1.0578, EUR/USD closed yesterday at 1.0639, after ending Thursday at 1.0586 and gaining 52 pips (0.49%).
On the flip side, United States Non Farm Payrolls beat the 205,000 projections, with 311,000.
At the same time, Germany Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.7%. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 165,100, while the previous figure was 165,000.
A look at other currencies also shows bullish price action as GBP/USD went up by 0.92% yesterday, and closed at 1.2033. GBP/CAD surges 0.89% yesterday and closed at 1.6486.
Meanwhile, after ending yesterday's session at 0.9325, USD/CHF lost 111 pips and is trading around 0.9213.
The currency pair has been trending lower for about a month. Euro-Dollar is now trading 10.32% away from its significant low of 0.9596 first tested 5 months ago.
