Euro-Dollar up four days in a row, gaining 53 pips, closing at 1.0671.

Published: March 19 2023, 18:55 GMT+0

Euro-Dollar up four days in a row, gaining 53 pips, closing at 1.0671.

Friday at a glance: EUR/USD rose 53 pips to close at 1.0671 Friday which makes for a move of 0.5%.

Elsewhere, other currency pairs are also gaining ground as NZD/USD added 1.55% and closed around 0.6194 Friday. EUR/CAD is trading around 1.4694 after ending Friday's session at 1.4563 (up 0.9% today).

Meanwhile, USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59.

Furthermore, the market is looking at projections for Germany Producer Price Index are set for a continuation of decline with -1.6% while previous data was -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is scheduled for tomorrow at 10:00 UTC.

After setting a supportive marker at 0.9596 around 5 months ago, the Euro is now trading 10.65% above this level.

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