After three days of persistent declines, Euro-Dollar stabilises around 1.0731

Marginally higher but lacking a clear-cut direction, EUR/USD is trading at 1.0731 after ranging between 1.0705 and 1.076 today.

This move comes while some more positive signs for the Euro are out as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Meanwhile, Euro Zone CFTC EUR speculative net positions released today at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100. United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 172.53, GBP/JPY is up 0.66% today to currently trade at around 173.67. GBP/NZD added 0.47% to its value, now trading at 2.0406. USD/JPY is up 0.41%.

The Euro is now trading 3.09% away from its significant high of 1.1073 first tested 23 days ago.