After closing at 0.9884 yesterday, EUR/USD began today at 0.9884 with significant bullish sentiment driving EUR/USD's price action higher. So far today, price action has drawn out a distinct 0.987 to 0.9907 range.
The Euro is currently trading at 0.99 following the release of Manufacturing PMI data from the Germany.
Uptick comes while some more positive signs for the Euro are out as highly important Unemployment Change data from Germany beat analyst expectations of 15,000 with a reading of 8,000.
Meanwhile, new Germany Unemployment Rate data was unchanged from the previous month and matched analyst projections of a reading of 5.5. Germany Trade Balance (Sep) released today at 07:00 UTC with a figure of 3.7 billion, while the previous figure was 1.2 billion.
At the same time, GBP/NZD is trading around 1.9527 (down 141 pips). After ending yesterday's session at 148.28, USD/JPY lost 113 pips and is trading around 147.15. After ending yesterday's session at 146.74, EUR/JPY lost 103 pips and is trading around 145.7.
The market is looking forward to the release of new data: Euro Zone ECB President Lagarde speech set for tomorrow at 08:05 UTC. Euro Zone Unemployment Rate is expected tomorrow at 10:00 UTC. Germany Buba Wuermeling speech is scheduled today at 16:30 UTC.
Euro-Dollar is now trading 3% away from its significant low of 0.9596 first tested a month ago.