| 
July 05, 2023Marginally higher but lacking a clear-cut direction, EUR/USD is trading at 1.0887 after ranging between 1.088 and 1.0893 today.
At the same time, Spain Unemployment Change released earlier showed a marked improvement to -50,300 from the preceding data of -49,300, but fell short of the -63,500 figure forecast by a consensus of market analysts. Germany Trade Balance (May) came out at 14.4 billion, while a consensus of analysts was expecting 17.5 billion.
A look at other currencies also shows bullish price action as having closed the previous session at 157.13, EUR/JPY is up 0.16% today to currently trade at around 157.38. GBP/JPY ascends 0.12% to trade around 183.8.
Other currencies are showing mixed performance as USD/JPY moves 0.1% to trade around 144.59.
Also worthy of note, Germany Factory Orders is projected to outperform its last figure with 1.5%. It previously stood at -0.4%; data will be released tomorrow at 06:00 UTC. France Services PMI is expected today at 07:50 UTC. Euro Zone Composite PMI figure is projected at 50.3. It previously stood at 52.8; data will be released today at 08:00 UTC.
Trading mostly sideways for a month. After setting a supportive marker at 0.9596 around 9 months ago, Euro-Dollar is now trading 13.4% above this level.
