The Euro went up 53 pips, closing at 1.0671 and building up on its four days of gains

Published: March 19 2023, 15:51 GMT+0

The Euro went up 53 pips, closing at 1.0671 and building up on its four days of gains

A quick look at Friday: EUR/USD goes up 0.5% to close at 1.0671 Friday.

While the Euro is up today, these currencies are lagging behind: USD/JPY lost 1.33% Friday and closed at 133.59. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD lost 0.75% Friday and closed at 1.7137.

Furthermore, the market is looking at Germany Producer Price Index projected to decline to -1.6% while previous data was -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) will be released tomorrow at 10:00 UTC.

Euro-Dollar is now trading 10.65% away from its significant low of 0.9596 first tested 5 months ago.

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