The EUR/USD is trading low in contrast to yesterday heading into Friday’s European session, marginally below 1.1300 again. The pair is trading at 1.1285 region on the time of writing 11:00 UTC+2.
Regarding traders of the Euro currency, they should take into consideration the following data releases: Inflation Rate YoY Final in Germany and Industrial Production MoM in Italy. While the speech of European Central Bank’s president today, Christine Lagarde is expected to affect the major pair.
Moreover, all eyes are on U.S data releases later today and mainly releases concerning Inflation Rate. The Bureau of Labor Statistics releases of Core Inflation Rate MoM and Inflation Rate MoM reports while the University of Michigan’s Consumer Sentiment Prelim, which measures financial confidence of consumers and the monthly Budget Statement report will give more insight to traders of the USD.
The GBP/USD pair is currently trading at 1.3200 region, with a daily low of 1.3196.
Data of medium importance were released today in the U.K which may affect the Cable pair. These are the following: Goods Trade Balance Non-EU and Goods Trade Balance, GDP 3-Month Avg, Industrial and Manufacturing Production, Balance of Trade.
Heading into the European session, the USD/JPY is trading higher than yesterday around the 113.640 region on the time of writing 11:00 UTC+2 with a daily low of 113.327.
AUD/USD remains indifferent as global markets brace for all-important US inflation data during early Friday. The pair is trading at near the 0.7148 region on the time of writing with a daily low of 0.7131.
The NZD/USD pair is trading lower today around 0.6777 region on the time of writing, with a daily low of 0.6771 so far.
The USD/CAD pair is trading near the 1.2719 region with a daily low of 1.2692.
The Loonie, like other major currency pairs, looks to key US inflation figures.
USD/CHF is trading around 0.9240 region on the time of writing with a daily low of 0.9228.
WTI Crude Oil price is hovering around $71 with a daily range 70.34 – 71.40 so far.
Gold (XAU/USD) is steady at around $1,770 until the time of writing, with a daily range, 1,770.18 – 1,779.74 so far. All eyes are on the US inflation numbers.
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