EUR/USD weakened earlier in the day, before moving away from its 1.0921 low and recovering back to 1.0962.
United States's Crude Oil Inventories new data released of -4.58 million below its previous figure.
On the flip side, following a previous reading of 597,000, Crude Oil Inventories in United States released today at 14:30 UTC fell short of the -1 million figure expected by analysts with an actual reading of -4.58 million.
Meanwhile, Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 6.9%, while the previous figure was 8.5%. Germany ZEW Economic Sentiment Index came out at 4.1, while a consensus of analysts was expecting 15.3.
Though the Euro has been dropping, other pairs have been performing better: GBP/CAD rises 0.55% to trade around 1.673. Having closed the previous session at 166.6, GBP/JPY is up 0.56% today to currently trade at around 167.53. USD/JPY climbs 0.35% to trade around 134.55.
Furthermore, Euro Zone ECB Publishes Account of Monetary Policy Meeting is scheduled for tomorrow at 11:30 UTC. Germany Producer Price Index expected to decline to -0.5% while its preceding data was -0.3%, data will be available tomorrow at 06:00 UTC. Euro Zone ECB's Schnabel speech is expected tomorrow at 20:15 UTC.
The currency pair has been trending positively for about a month. The Euro is now trading 0.69% away from its significant high of 1.1048 first tested 6 days ago.