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March 04, 2023Yesterday at a glance: with a daily low of 1.0593, EUR/USD closed yesterday at 1.0634, after ending Thursday at 1.0604 and gaining 29 pips (0.28%).
Meanwhile, 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.
Other currencies are also rising as GBP/NZD went up by 0.8% yesterday, and closed at 1.9353. GBP/USD went up by 0.84% yesterday, and closed at 1.2044. GBP/CAD soars 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, Euro-Dollar is now trading 10.5% above this level.
