EUR/USD weakened earlier in the day, before moving away from its 1.0529 low and recovering back to 1.0547.
United States's Crude Oil Inventories new data released of -1.69 million below its previous figure.
In contrast, positive data for Euro-Dollar reported earlier when Crude Oil Inventories in United States fell short of market expectations (395,000) with a reading of -1.69 million, continuing the decline from the previous figure of 1.17 million.
Amid the market gloom, United States JOLTs Job Openings (Jan) released today at 15:00 UTC with a figure of 10.82 million, while the previous figure was 11.23 million. United States ADP Nonfarm Employment Change (Feb) came out at 242,000, while a consensus of analysts was expecting 200,000.
Though the Euro has been dropping, other pairs have been performing better: GBP/CAD is up 0.45%. USD/CAD ascends 0.41% to trade around 1.38. EUR/CAD is up 0.34%.
Some optimism can drawn from the fact that projections for United States Initial Jobless Claims are set for a continuation of decline with 195,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.
Furthermore, France Non-Farm Payrolls (QoQ) (Q4) scheduled to come out tomorrow at 06:30 UTC.
The currency pair has been trending lower for about a month. Having established significant support at 0.9596 approximately 5 months ago, the Euro's share price has bounced 9.96% higher.