EUR/USD rises for first session in three

Euro fluctuated in a narrow upward range during the Asian session to rebound from its lowest since March 7 in the second session in five against the US dollar, on the threshold of economic data and developments expected Monday by the euro-zone and the US economy.

At 04:30 GMT, the EUR/USD rose 0.11% to 1.1228, compared to the opening at 1.1217, after reaching a high of 1.1214 and a low of 1.1232.

Markets are currently looking forward to the German Trade Balance reading, which could show a widening in surplus to 19.0 billion euros from 18.5 billion euros in January, before we see Sentix Investor Confidence Index for the region as a whole Which might show the  contraction shrinking to 1.7 versus 2.2 in March.

Otherwise, on Friday we followed the European Commission's comments on the British Prime Minister Theresa May's request to delay the Brexit until the end of June, stating that the decision will take place at the upcoming EU summit in April 10 Brussels, as the decision must be unanimous by EU members.

On the other hand, Investors are currently looking for the US economy to release its factory orders index reading, which may show a 0.5% drop from a rise by 0.1% last January, three days after US labor market data showed mixed results on Friday. to the reveal of the Federal Committee March 19-20 meeting minutes on Wednesday.