EUR/USD is down to 1.0465, after ending yesterday at 1.0469. Overall, a 0.04% loss or 4 pips today.
While price action maintains a negative bias, Germany Factory Orders beat analyst expectations of 0.1% and the previous reading of -2.9% with new data of 0.8%. United States API Weekly Crude Oil Stock came out at -6.43 million, while a consensus of analysts was expecting -3.88 million. United States Trade Balance (Oct) released yesterday at 13:30 UTC with a figure of -78.2 billion, while the previous figure was -74.1 billion.
Though Euro-Dollar has been dropping, other pairs have been performing better: USD/JPY is up 0.13%. USD/CHF added 0.12% to its value, now trading at 0.9424. Having closed the previous session at 166.11, GBP/JPY is up 0.16% today to currently trade at around 166.38.
Furthermore, Euro Zone ECB President Lagarde speech will be released tomorrow at 12:00 UTC. Germany Industrial Production projected to decline to -0.6% while previous data was 0.6%; data will be released today at 07:00 UTC. Euro Zone GDP figure is projected at 0.2. It previously stood at 0.2; data will be released today at 10:00 UTC.
After setting a supportive marker at 0.9596 around 2 months ago, the Euro is now trading 9.09% higher.