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March 03, 2023The Euro trades at 1.0615 after gaining 10 pips (0.1%).
United States ISM Non-Manufacturing PMI (Feb) is next today at 15:00 UTC.
At the same time, Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of 8.5%, while the previous figure was 8.6%. Euro Zone Composite PMI came out at 52, while a consensus of analysts was expecting 52.3. Spain Services PMI came out at 56.7.
Elsewhere, other currency pairs are also gaining ground as GBP/USD ascends 0.44% to trade around 1.1996.
At the same time, after ending yesterday's session at 0.9418, USD/CHF lost 39 pips and is trading around 0.9378. USD/JPY is down to 136.24, losing 47 pips, after closing at 136.72 in the preceding trading session.
Furthermore, the market is looking at Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC. United States ISM Non-Manufacturing PMI (Feb) will be released today at 15:00 UTC.
The currency pair has been trending lower for about 30 days. As things stand, Euro-Dollar is 10.5% away from a significant low of 0.9596 first set 5 months ago.
