| 
May 09, 2023EUR/USD is grinding lower from 1.1008 to 1.0992, shedding 16 pips (0.15%) today.
While price action maintains a negative bias, Industrial Production in Germany fell short of market expectations (-1.3%) with a reading of -3.4%, continuing the decline from the previous figure of 2.1%.
In the meantime, negative performances are also seen in other pairs as EUR/JPY retreats 0.19% to trade around 148.3. After ending yesterday's session at 170.41, GBP/JPY lost 22 pips and is trading around 170.18.
In addition, EUR/CAD moves 0.08% to trade around 1.4698.
Furthermore, Germany Consumer Price Index is expected tomorrow at 06:00 UTC. Germany Consumer Price Index is expected tomorrow at 06:00 UTC. Euro Zone ECB's Lane speech is scheduled for today at 08:00 UTC.
The currency pair has been trending positively for about 2 months. Having set a peak of 1.1073 around 6 days ago, the Euro is now trading 0.59% below this level.
