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

Yesterday at a glance: hesitant but grinding higher: EUR/USD closed at 1.0731 after ranging between 1.0705 and 1.076.

Euro-Dollar upside coincides with further encouraging market factors as highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

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.

Elsewhere, other currency pairs are also gaining ground as GBP/NZD went up by 0.52% yesterday, and closed at 2.0417. GBP/JPY went up by 0.64% yesterday, and closed at 173.63. EUR/JPY added 0.43% and closed around 150.22 yesterday.

Euro-Dollar is now trading 3.09% away from its significant high of 1.1073 first tested 24 days ago.