The single currency of the European Union fluctuate higher during the Asian session to see its fifth session rebound in seven sessions from its lowest since June 26, 2017 against the US dollar on the eve of economic developments and data expected Friday by the economies of the eurozone and the US economy.

At 05:09 am GMT, the EUR/USD rose 0.12% to 1.1317, compared to the opening at 1.1303, after reaching a high of 1.1327, while reaching a low of 1.1302.

Markets are also looking for Germany's wholesale price index to rise 0.3% from 0.7% in January, before the unveiling of the Eurozone economy of the annual CPI reading Which could reflect growth stability at 1.5%, little changed from January's preliminary reading, versus 1.4% growth.

On the other hand, yesterday we also followed the President of the European Council Donald Tusk appeal the 27 EU leaders to discuss and consider delaying the UK's exit from the EU for a long time if the British requested a postponement of the exit with clear grounds, noting that time will make the UK research and scrutinize its own exit strategy and build a clear plan to deal with it.

This came before the announcement of the official spokesman of the European Commission, that the decision to postpone the United Kingdom's exit of the European Union must come as unanimous approval by the leaders of the European Union and that if the Kingdom remains a member of the Union during the next parliamentary elections, it must participate in those elections , which came after a vote by the British Parliament to postpone the date of departure from the European Union beyond 29 this month.

On the other hand, markets are currently waiting for the US economy to release the New York Manufacturing Index, which may extend to 10.1 vs. 8.8 in February. Before the world's largest industrial producer release the reading of the Industrial Production Index (IPI), which might show an increase to 0.4% versus -0.6% of decline in January, While the Energy Use Intensity (EUI) reading showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan Index of Consumer Sentiment, which may reflect a widening to 95.5 versus 93.8 in February, with the release of consumer Inflation Expectation (MICH) for one year to come and five years ahead, in conjunction with the release of a statistical Job Openings and Labor Turnover (JOLTS) that may reflect a decrease to 7.27 million versus 7.34 million last December.

The Bank of Japan's (BOJ) monetary policy makers agreed to keep interest rates at 0.10%, which was expected by market analysts, as the Bank of Japan's monetary policy statement reflected the bank's more flexible monetary policy. Which will result in a press conference to be held by Bank of Japan Governor Haruhiko Kuroda in Tokyo.

Asian stocks opened last sessions of the week on green at Friday, supported by investors' risk appetite after the UK parliament voted to delay the UK's brexit from the European Union, in addition to the end of the meeting of the Bank of Japan (BOJ), during which monetary policy makers may extend their stimulus and provide more flexibility in monetary policy.

Yesterday, some reports referred to the postponement of the upcoming summit between the US President, Donald Trump, and his Chinese counterpart, Xi Jinping, to next April, in contrast to the initial report of the summit later this month, which in one way or another has revived concerns about existing trade tensions Between Washington and Beijing despite the recent efforts from both parties to resolve their trade disputes and reach a trade agreement.

Japanese stock indices rose in today's trading, with TOPIX index rising by 1.08% to gain 17.19 points to reach 1,605.48, also Japan's Nikkei index rose 1.02% gaining 217.71 points to reach 21,504.73.

While the Chinese stocks rose over 1% as well, with the CSI 300 index rising 1.52% to win 56.28 points to reach 3,754.77, while Shanghai index rose 1.24% to win 37.14 points to reach 3,027.82.

Hong Kong's Hang Seng Index gained 0.68% gaining 196.58 points to reach 29,047.97. The South Korean Kospi Index rose 1.09% gaining 23.41 points and reached 2,179.09.

To the NZX 50 index of New Zealand shares, which rose by 0.03% to gain 3.15 points to reach 9,438.65. On the other hand, Australia's S&P/ASX 200 index gained 0.15%, 9.21 points to reach 6,188.80.

The Australian dollar rose during the Asian session to see its fifth session retreat in six sessions from its lowest since January 4th, to prepare for the first weekly gain in three weeks against the US dollar, amid tight economic data by the Australian economy in the last session of the week and on the eve of developments And economic data expected Friday by the US economy, the largest economy in the world.

At 02:41 GMT, AUD/USD rose 0.30% to 0.7085 compared with the opening at 0.7064, after a high of 0.7085 and a low of 0.7062.

Investors are currently waiting for the US economy to release the New York Manufacturing Index, which may extend to 10.1 vs. 8.8 in February. Before the world's largest industrial producer release the reading of the Industrial Production Index (IPI), which might show an increase to 0.4% versus -0.6% of decline in January, While the Energy Use Intensity (EUI) reading showed accelerated growth to 78.5% versus 78.2%.

Leading to the first reading of the University of Michigan Index of Consumer Sentiment, which may reflect a widening to 95.5 versus 93.8 in February, with the release of consumer Inflation Expectation (MICH) for one year to come and five years ahead, in conjunction with the release of a statistical Job Openings and Labor Turnover (JOLTS) that may reflect a decrease to 7.27 million versus 7.34 million last December.