| 
May 08, 2023Tentatively higher from an earlier low of 1.0975, EUR/USD is up to 1.1047 today, adding 23 pips, or 0.22%, to Friday's closing price of 1.1023.
Meanwhile, Industrial Production in Germany fell short of market expectations (-1.3%) with a reading of -3.4%, continuing the decline from the previous figure of 2.1%.
Elsewhere, other currency pairs are also gaining ground as NZD/USD rallies 0.8% to trade around 0.6347.
While the Euro is up today, these currencies are lagging behind: after ending Friday's session at 2.0061, GBP/NZD lost 123 pips and is trading around 1.9938. After ending Friday's session at 1.7498, EUR/NZD lost 95 pips and is trading around 1.7403.
Also worthy of note, Euro Zone ECB's Lane speech is expected today at 14:00 UTC. Euro Zone ECB's Schnabel speech scheduled to come out tomorrow at 17:00 UTC. United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.
The currency pair has been trending positively for about 2 months. Euro-Dollar is now trading 0.45% away from its significant high of 1.1073 first tested 5 days ago.
