Tentatively higher from an earlier low of 1.0244, EUR/USD is up to 1.0281 today, adding 35 pips, or 0.35%, to yesterday's closing price of 1.0245.
At the same time, Producer Price Index in Germany fell short of market expectations (0.9%) with a reading of -4.2%, continuing the decline from the previous figure of 2.3%. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.974, while the previous figure was 4.192. United States 2-Year Note Auction released yesterday at 16:30 UTC with a figure of 4.505, while the previous figure was 4.46.
A look at other currencies also shows bullish price action as NZD/USD gained 0.75% and is now trading at 0.6147.
While the Euro is up today, these currencies are lagging behind: USD/CHF drops 0.67% to trade around 0.952. USD/JPY is trading around 141.33 (down 76 pips).
Furthermore, the market is looking at Euro Zone Services PMI is expected tomorrow at 09:00 UTC. Euro Zone Manufacturing PMI figure is projected at 46. It previously stood at 46.4; data will be released tomorrow at 09:00 UTC. Euro Zone Composite PMI is expected tomorrow at 09:00 UTC.
As things stand, Euro-Dollar is 6.76% away from a significant low of 0.9596 first set a month ago.