Struggling to find upward momentum, EUR/USD has shed 69 pips to currently trade at 0.9942 as it ranges between 0.9935 and 1.0043 so far today.
United States Core Consumer Prices is next today at 13:30 UTC.
United States Crude Oil Inventories beat analyst expectations of 1.36 million and the previous reading of -3.12 million with new data of 3.92 million.
Amid the market gloom, Germany 10-Year Bund Auction released yesterday at 10:30 UTC with a figure of 2.25, while the previous figure was 2.33. United States 10-Year Note Auction came out at 4.14.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 0.8811, EUR/GBP lost 75 pips and is trading around 0.8735. EUR/JPY is down to 145.63, losing 99 pips, after closing at 146.63 in the preceding trading session.
Though Euro-Dollar has been dropping, other pairs have been performing better: having closed the previous session at 1.9312, GBP/NZD is up 0.72% today to currently trade at around 1.945.
Furthermore, Germany Consumer Price Index figure is projected at 10.4%. It previously stood at 10.4%; data will be released tomorrow at 07:00 UTC. Germany Consumer Price Index figure is projected at 0.9%. It previously stood at 0.9%; data will be released tomorrow at 07:00 UTC. Euro Zone CFTC EUR speculative net positions is expected tomorrow at 19:30 UTC.
As things stand, the Euro is 4.33% away from a significant low of 0.9596 first set a month ago.