The Euro 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.

The Euro upside coincides with further encouraging market factors as following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual 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.

Other currencies are also rising 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.

Having set a peak of 1.1073 around 24 days ago, Euro-Dollar is now trading 3.09% below this level.