Friday's lacklustre market sentiment sees EUR/NZD drop 0.75%

A quick look at Friday: EUR/NZD ended Friday at 1.7009 following from closing Thursday at 1.7137. Overall, this represents a loss of 127 pips or 0.75%.

EUR/NZD's value drop coincided with the fact that after ending Friday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456.

Positive performances can be seen by looking at other currencies as NZD/USD is trading around 0.6263 after ending Friday's session at 0.6194 (up 1.11% today).

Furthermore, Germany Producer Price Index expected to decline to -1.6% while its preceding data was -1%, data will be available tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is expected tomorrow at 10:00 UTC. New Zealand Balance of Trade is expected tomorrow at 21:45 UTC.

The currency pair has been trending positively for about a month. EUR/NZD now trading 4.9% above its 3-month low of 1.57.