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

A quick look at Friday: EUR/NZD drops 0.75% to close at 1.7009 Friday.

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. After ending Friday's session at 1.3456, USD/SGD lost 59 pips and is trading around 1.3397.

Positive performances can be seen by looking at other currencies as notably, NZD/USD rose 1.11% Friday and closed at 0.6194.

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 scheduled for 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.