Weak sentiment sees Euro-Dollar posting 0.47% loss

After a mostly steady day, EUR/USD loses 51 pips late into the session, trading at 1.0867.

United States's Pending Home Sales new data released of -2.7% below its previous figure.

Highly important GDP data from United States beat analyst expectations of 1.4 with a reading of two.

In contrast, positive data for Euro-Dollar reported earlier when highly important Pending Home Sales data from United States beat analyst expectations of 0.2% with a reading of -2.7%.

Amid the market gloom, Germany Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0.2%.

In the meantime, negative performances are also seen in other pairs as EUR/AUD closed at 1.6417 (down 0.69%). EUR/CAD is down 66 pips from the beginning of the session and now trades around 1.4394.

Though Euro-Dollar has been dropping, other pairs have been performing better: having closed the previous session at 0.8965, USD/CHF is up 0.38% today to currently trade at around 0.9.

Furthermore, Euro Zone Consumer Price Index figure is projected at 5.6%. It previously stood at 6.1%; data will be released tomorrow at 09:00 UTC. France HICP (MoM) is expected tomorrow at 06:45 UTC. France Consumer Price Index is expected tomorrow at 06:45 UTC.

The Euro is now trading 13.77% away from its significant low of 0.9596 first tested 9 months ago.