| 
March 01, 2023EUR/USD got off to a strong start by gaining 84 pips (+0.8%), only to run out of steam later in the session around 1.0696. Currently, Euro-Dollar is trading around the 1.0668 level.
United States's Crude Oil Inventories new data released of 1.17 million below its previous figure.
This move comes while some more positive signs for Euro-Dollar are out as Germany Unemployment Change released today at 08:55 UTC is better than expected at 2,000 but down from preceding data of -15,000 according to new data.
Nevertheless, data for United States Crude Oil Inventories released today at 15:30 UTC is better than expected with 1.17 million, but worse than previous figure of 7.65 million.
Meanwhile, Germany Consumer Price Index released today at 13:00 UTC with a figure of 8.7%, while the previous figure was 8.7%.
Elsewhere, other currency pairs are also gaining ground as EUR/GBP is up 0.94%. EUR/JPY surges 0.82% to trade around 145.26.
Meanwhile, GBP/NZD is down 206 pips from the beginning of the session and now trades around 1.9236.
Also worthy of note, Euro Zone Consumer Price Index figure is projected at 8.2%. It previously stood at 8.6%; data will be released tomorrow at 10:00 UTC. Euro Zone ECB Monetary Policy Statement will be released tomorrow at 12:30 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting scheduled to come out tomorrow at 12:30 UTC.
As things stand, Euro-Dollar is 10.28% away from a significant low of 0.9596 first set 5 months ago.
