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March 04, 2023A quick look at yesterday: EUR/USD closed yesterday at 1.0634 (with a daily low of 1.0593) after ending Thursday at 1.0604 and gaining 0.28%.
At the same time, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 165,000, while the previous figure was 150,500. United States ISM Non-Manufacturing PMI (Feb) came out at 55.1, while a consensus of analysts was expecting 54.5. Euro Zone Composite PMI came out at 52, while a consensus of analysts was expecting 52.3.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD is trading around 1.9353 after ending yesterday's session at 1.92 (up 0.8% today). GBP/USD is trading around 1.2044 after ending yesterday's session at 1.1943 (up 0.84% today). GBP/CAD jumps 0.84% yesterday and closed at 1.6238.
The currency pair has been trending lower for about 30 days. After setting a supportive marker at 0.9596 around 5 months ago, the Euro is now trading 10.5% above this level.
