Yesterday at a glance: down on the day: EUR/USD closed at 1.0997 after ranging between 1.0976 and 1.1078.
Nonetheless, encouraging indicators for the Euro published earlier when United States Core Retail Sales published yesterday at 12:30 UTC came out at -0.8%, falling short of the -0.3% projections and continuing its decline from the previous 0% figure. Following a previous reading of -0.2%, Retail Sales in United States released yesterday at 12:30 UTC fell short of the -0.4% figure expected by analysts with an actual reading of -1%.
Meanwhile, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 163,300, while the previous figure was 143,400.
Euro-Dollar's value drop coincided with the fact that AUD/USD falls 1.12% yesterday and closed at 0.6786.
Though Euro-Dollar has been dropping, other pairs have been performing better: USD/SGD jumps 0.64% yesterday and closed at 1.3222. EUR/NZD is trading around 1.7707 after ending yesterday's session at 1.7533 (up 0.99% today).
Furthermore, Italy Consumer Price Index is expected tomorrow at 08:00 UTC.
The currency pair has been trending positively for about a month. The Euro is now trading 15.13% away from its significant low of 0.9596 first tested 6 months ago.