Tentatively higher from an earlier low of 1.0786, EUR/USD is up to 1.0821 today, adding 24 pips, or 0.23%, to yesterday's closing price of 1.0797.
Euro Zone ECB Publishes Account of Monetary Policy Meeting is next today at 12:30 UTC.
Euro-Dollar upside coincides with further encouraging market factors as Producer Price Index in United States fell short of market expectations (-0.1%) with a reading of -0.5%, continuing the decline from the previous figure of 0.2%. Following a previous reading of -0.6%, Core Retail Sales in United States released yesterday at 13:30 UTC fell short of the -0.4% figure expected by analysts with an actual reading of -1.1%.
At the same time, Euro Zone Consumer Price Index came out at 9.2%, while a consensus of analysts was expecting 9.2%.
A look at other currencies also shows bullish price action as GBP/NZD gained 1.09% and is currently trading at 1.9359. Having closed the previous session at 1.6749, EUR/NZD is up 1.36% today to currently trade at around 1.6976. EUR/AUD is up 1.14%.
The market is looking forward to the release of new data: Euro Zone ECB Publishes Account of Monetary Policy Meeting is expected today at 12:30 UTC. Euro Zone ECB President Lagarde speech will be released tomorrow at 10:00 UTC. Germany Producer Price Index is projected to outperform its last figure with -1.2%. It previously stood at -3.9%; data will be released tomorrow at 07:00 UTC.
As things stand, Euro-Dollar is 12.51% away from a significant low of 0.9596 first set 3 months ago.