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March 13, 2023
Tentatively higher from an earlier low of 1.0639, EUR/USD is up to 1.0723 today, adding 80 pips, or 0.75%, to Friday's closing price of 1.0643.
The Euro is currently trading at 1.0723 following the release of U.S. President Biden speech data from the United States.
At the same time, United States Participation Rate (Feb) released today at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.
A look at other currencies also shows bullish price action as NZD/USD gained 1.76% and is currently trading at 0.6245.
At the same time, USD/CHF is down to 0.9092, losing 117 pips, after closing at 0.921 in the preceding trading session. USD/JPY is down to 132.76, losing 219 pips, after closing at 134.96 in the preceding trading session.
Furthermore, the market is looking at Spain HICP (YoY) (Feb) scheduled to come out tomorrow at 08:00 UTC. Euro Zone ECOFIN Meetings is expected tomorrow at 11:00 UTC. Germany Buba Balz speech is scheduled today at 17:00 UTC.
Euro-Dollar is now trading 10.9% away from its significant low of 0.9596 first tested 5 months ago.
