Due to bad US job reports and after the forex trading pair reached a new high level ever since May, the euro was able to post gains versus the dollar. As for the German Industrial Production, it came out at -0.6%, which was worse than the anticipated 0.9%. The German Trade Balance is anticipated to go up from the prior 10.6B to 12.4B. The EUR/USD exchanged at a minimum of 1.3156 and a maximum of 1.3333. Because the pair is able to post results above the 1.3130 support level, the momentum for the EUR/USD pair can be considered positive.

The British pound was also able to post some gains versus the dollar due to the negative US job reports. However, the Manufacturing Production posted a result of 0.3%, which was worse than the anticipated 0.5%. The PPI was anticipated at -0.4%, but it came out at -1%. The GBP/USD forex pair exchanged at a high of 1.5995 and a low of 1.5838.