EUR/USD posts light gains on a low-volatility day, ranging between 1.0347 – 1.0396 and is now at 1.0378.
United States Existing Home Sales (Oct) is next today at 15:00 UTC.
Nevertheless, highly important Initial Jobless Claims data from United States beat analyst expectations of 225,000 with a reading of 222,000.
At the same time, Euro Zone Consumer Price Index came out at 10.6%, while a consensus of analysts was expecting 10.7%. United States Philadelphia Fed Manufacturing Index (Nov) released yesterday at 13:30 UTC with a figure of -19.4, while the previous figure was -8.7.
Other currencies are also rising as NZD/USD gained 0.83% and is now trading at 0.618.
While the Euro is up today, these currencies are lagging behind: EUR/NZD dips 0.76% to trade around 1.6779. GBP/NZD is trading around 1.9268 (down 88 pips).
Furthermore, the market is looking at Germany Buba President Nagel speech set for today at 13:00 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 19:30 UTC. United States Existing Home Sales (Oct) is expected today at 15:00 UTC.
As things stand, Euro-Dollar is 8% away from a significant low of 0.9596 first set a month ago.