EUR/USD rallies 81 pips (0.82%) deep into the session, trading at 0.9957.
United States's Consumer Confidence new data released of 102.5 below its previous figure.
Uptick comes while some more positive signs for the Euro are out as data for Germany Business Climate Index released today at 08:00 UTC is better than expected with 84.3, but worse than previous figure of 84.4. Consumer Confidence in United States fell short of market expectations (106.5) with a reading of 102.5, continuing the decline from the previous figure of 107.8.
At the same time, Germany Current Assessment (Oct) released today at 08:00 UTC with a figure of 94.1, while the previous figure was 94.5.
Other currencies are also rising as GBP/USD is up 1.63% to 1.1463. GBP/CAD is up 1%. Having closed the previous session at 0.6313, AUD/USD is up 1.25% today to currently trade at around 0.6392.
Furthermore, the market is looking at United States Crude Oil Inventories is projected to outperform its last figure with 200,000. It previously stood at -1.73 million; data will be released tomorrow at 14:30 UTC.
Furthermore, the market is looking at France Jobseekers Total is expected tomorrow at 10:00 UTC. United States New Home Sales (Sep) will be released tomorrow at 14:00 UTC.
The Euro is now trading 2.91% away from its significant low of 0.9596 first tested 28 days ago.