EUR/USD is grinding lower from 1.0857 to 1.0846, shedding 10 pips (0.1%) today.
Unemployment Change data from Germany will be released today at 08:55 UTC with analysts expecting a decline to 5,000. Potentially significant price fluctuations in Euro-Dollar are expected to follow.
Meanwhile, France Consumer Price Index came out at 0.4%, while a consensus of analysts was expecting 0.5%. France HICP (MoM) released today at 07:45 UTC with a figure of 0.4, while the previous figure was -0.1. Retail Sales in Germany fell short of market expectations (0.2%) with a reading of -5.3%, continuing the decline from the previous figure of 1.9%.
In the meantime, negative performances are seen in other pairs, EUR/JPY is trading around 141.07 (down 39 pips).
Though the Euro has been dropping, other pairs have been performing better: USD/CAD gained 0.23% and is currently trading at 1.3415. EUR/AUD is up 0.25%.
With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as Germany Unemployment Change expected to decline to 5,000 while its preceding data was -13,000, data will be available today at 08:55 UTC.
Furthermore, Germany Consumer Price Index is expected today at 13:00 UTC. Euro Zone ECB Press Conference is expected tomorrow at 13:45 UTC.
After setting a supportive marker at 0.9596 around 4 months ago, Euro-Dollar is now trading 13.13% above this level.