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April 08, 2023Yesterday at a glance: EUR/USD slid down from 1.0925 to 1.0906, taking a 19 pips loss (0.17%)
Highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.5.
On the flip side, positive data for the Euro released earlier when data from United States concerning Non Farm Payrolls was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 326,000 to 236,000 this month.
Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 143,400, while the previous figure was 145,000.
Euro-Dollar's value drop coincided with the fact that GBP/NZD lost 0.38% yesterday and closed at 1.9917.
Though the Euro has been dropping, other pairs have been performing better: USD/JPY went up by 0.34% yesterday, and closed at 132.14. EUR/JPY is trading around 144.13 after ending yesterday's session at 143.75 (up 0.27% today).
The currency pair has been trending positively for about 28 days. Having set a significant low of 0.9596 6 months ago, Euro-Dollar is trading 13.85% higher.
