Euro-Dollar records flat yesterday on the back of 3rd straight day of declines

Yesterday at a glance: Lightly positive EUR/USD closed at 1.0731 after ranging between 1.0705 and 1.076.

Euro-Dollar upside coincides with further encouraging market factors as data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

At the same time, Euro Zone CFTC EUR speculative net positions released yesterday 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.

Other currencies are also rising as GBP/NZD surges 0.52% yesterday and closed at 2.0311. GBP/JPY is trading around 173.63 after ending yesterday's session at 172.53 (up 0.64% today). EUR/JPY went up by 0.43% yesterday, and closed at 150.87.

As things stand, Euro-Dollar is 3.09% away from a significant high of 1.1073, first set 24 days ago.