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March 05, 2023A quick look at Friday: EUR/USD closed Friday at 1.0634 (with a daily low of 1.0593) after ending Thursday at 1.0604 and gaining 0.28%.
A look at other currencies also shows bullish price action as GBP/NZD went up by 0.8% Friday, and closed at 1.9353. GBP/USD is trading around 1.2044 after ending Friday's session at 1.1943 (up 0.84% today). GBP/CAD is trading around 1.6375 after ending Friday's session at 1.6238 (up 0.84% today).
The market is looking forward to the release of new data: Euro Zone Retail Sales is projected to outperform its last figure with 1%. It previously stood at -2.7%; data will be released tomorrow at 10:00 UTC. Euro Zone ECB's Lane speech is scheduled tomorrow at 10:00 UTC. Germany Buba Balz speech will be released tomorrow at 16:00 UTC.
The currency pair has been trending lower for about 30 days. After setting a supportive marker at 0.9596 around 5 months ago, Euro-Dollar is now trading 10.5% higher.
