EUR/USD posts light gains on a low-volatility day, ranging between 1.0624 – 1.0673 and is now at 1.0651.
United States Crude Oil Inventories data will be released today at 15:30 UTC, with an expected improvement to -3.60 million (previous figure was -5.19 million).
Meanwhile, Germany ZEW Economic Sentiment Index released yesterday at 10:00 UTC with a figure of -23.3, while the previous figure was -36.7. Euro Zone Industrial Production published today at 10:00 UTC came out at -2%, falling short of the -1.5% projections and continuing its decline from the previous 0.8% figure. Spain HICP (YoY) (Nov) came out at 6.7, while a consensus of analysts was expecting 6.6.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD rises 0.43% to trade around 1.9219. Having closed the previous session at 1.6449, EUR/NZD is up 0.52% today to currently trade at around 1.6536.
At the same time, USD/JPY is trading around 134.82 (down 63 pips).
The market is looking forward to the release of new data: Euro Zone Deposit Facility Rate (Dec) will be released tomorrow at 13:15 UTC. Euro Zone Interest Rate figure is projected at 2.5. It previously stood at two; data will be released tomorrow at 13:15 UTC. Euro Zone ECB President Lagarde speech is scheduled for tomorrow at 15:15 UTC.
As things stand, Euro-Dollar is 10.83% away from a significant low of 0.9596 first set 2 months ago.