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May 06, 2023Yesterday at a glance: after ending Thursday at 1.1018, EUR/USD spiked to 1.1051 yesterday, dropped back to starting point range, and rallied again to 1.1023.
Nevertheless, United States Average Hourly Earnings improved upon its previous reading of 0.3% with a new data release of 0.5%. United States Non Farm Payrolls beat the 180,000 projections, with 253,000.
Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,500, while the previous figure was 169,400.
Elsewhere, other currency pairs are also gaining ground as GBP/JPY added 0.95% and closed around 168.71 yesterday.
At the same time, EUR/CAD lost 1.14% yesterday and closed at 1.4907. USD/CAD lost 1.22% yesterday and closed at 1.354.
The currency pair has been trending positively for about a month. Having set a peak of 1.1073 around 3 days ago, the Euro is now trading 0.5% below this level.
