Euro-Dollar down 23 pips reaching 1.0707, for its 4th straight negative day

After having ended yesterday at 1.0731, EUR/USD is down to 1.0707 today. Overall, a 0.22% move or 23 pips.

The Euro is currently trading at 1.0707 following the release of Core PCE Price Index (MoM) (Apr) data from the United States.

Nonetheless, encouraging indicators for Euro-Dollar published earlier when Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. France France Jobseekers Total came out at 2.80 million.

Though Euro-Dollar has been dropping, other pairs have been performing better: having closed the previous session at 2.0311, GBP/NZD is up 0.5% today to currently trade at around 2.0412. GBP/JPY is up 0.4%. USD/JPY is up 0.32%.

Furthermore, Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.

Having set a peak of 1.1073 around 23 days ago, the Euro is now trading 3.09% below this level.