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March 09, 2023Slightly weaker but mostly flat: EUR/USD is currently trading at 1.0543 as it maintains an active range between 1.0529 and 1.0575.
On the flip side, United States Crude Oil Inventories published yesterday at 15:30 UTC came out at -1.69 million, falling short of the 395,000 projections and continuing its decline from the previous 1.17 million figure.
Amid the market gloom, United States JOLTs Job Openings (Jan) released yesterday at 15:00 UTC with a figure of 10.82 million, while the previous figure was 11.23 million. United States ADP Nonfarm Employment Change (Feb) came out at 242,000, while a consensus of analysts was expecting 200,000.
In the meantime, negative performances are also seen in other pairs as EUR/JPY is down to 144.54, losing 17 pips, after closing at 144.71 in the preceding trading session. GBP/JPY closed at 162.32 (down 0.12%). USD/JPY decreases 0.13% to trade around 137.1.
Furthermore, Germany Consumer Price Index is expected tomorrow at 07:00 UTC. Euro Zone ECB President Lagarde speech is expected tomorrow at 15:00 UTC. France Non-Farm Payrolls (QoQ) (Q4) will be released today at 06:30 UTC.
The currency pair has been trending lower for about a month. Having set a significant low of 0.9596 5 months ago, the Euro is trading 9.9% higher.
