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April 21, 2023EUR/USD weakened earlier in the day, before moving away from its 1.0965 low and recovering back to 1.0969.
Germany Manufacturing PMI is next today at 07:30 UTC.
Nonetheless, encouraging indicators for the Euro published earlier when highly important Initial Jobless Claims data from United States beat analyst expectations of 240,000 with a reading of 245,000.
Amid the market gloom, United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of -31.3, while the previous figure was -23.2.
In the meantime, negative performances are seen in other pairs, EUR/JPY closed at 146.88 (down 0.26%).
Positive performances can be seen by looking at other currencies as GBP/NZD is up 0.42%. EUR/NZD increases 0.34% to trade around 1.7812.
Furthermore, Euro Zone Manufacturing PMI figure is projected at 48. It previously stood at 47.3; data will be released today at 08:00 UTC. France Services PMI is expected today at 07:15 UTC. Euro Zone Composite PMI figure is projected at 53.7. It previously stood at 53.7; data will be released today at 08:00 UTC.
The currency pair has been trending positively for about a month. The Euro is now trading 0.66% away from its significant high of 1.1048 first tested 8 days ago.
