After closing at 1.0514 yesterday, EUR/USD began today at 1.0512 with significant bullish sentiment driving EUR/USD's price action higher. So far today, price action has drawn out a distinct 1.0493 to 1.0535 range.
United States's Initial Jobless Claims new data released of 230,000 below its previous figure.
Uptick comes while some more positive signs for the Euro are out as highly important Initial Jobless Claims data from United States beat analyst expectations of 230,000 with a reading of 230,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of -3.31 million with a reading of -5.19 million.
Meanwhile, data for Euro Zone GDP published yesterday at 10:00 UTC came out at 0.3, beating projections of 0.2 and showing improvement over the preceding figure of 0.2.
Meanwhile, USD/CAD closed at 1.3581 (down 0.5%). GBP/CAD is trading around 1.6586 (down 74 pips). EUR/CAD is down to 1.4291, losing 52 pips, after closing at 1.4343 in the preceding trading session.
Also worthy of note, Euro Zone ECB President Lagarde speech set for today at 18:00 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for tomorrow at 20:30 UTC. Euro Zone ECB's Enria speech scheduled to come out tomorrow at 07:45 UTC.
After setting a supportive marker at 0.9596 around 2 months ago, Euro-Dollar is now trading 9.56% higher.