Euro fluctuated in a narrow upward range against the US dollar during the Asian session to rebound for the second session in four from lowest since March 7th, when its lowest since June 27, 2017 was tested, on the threshold of expected economical data from the eurozone and the US economies .
As of 05:22 GMT, EUR/USD rose 0.12% to 1.1234 compared to the opening at 1.1221, after reaching a high of 1.1237 and a low of 1.1219.
The markets are currently looking for the eurozone's biggest economy, Germany, for its Industrial Production Index reading, which could show a 2.5% drop from 5.9% in January, before France's-second largest economy in the eurozone- release its trade balance reading, which may show the deficit widens to 4.7 billion euros from 4.2 billion euros in January, coinciding with the Eurogroup meetings in Brussels.
On the other hand, Investors are currently looking for the US economy to release labour market data, which may reflect a stable 3.8% unemployment rate, unchanged from last February's reading, amid expectations that the Non-Farm Employment Change reading will show an accelerating pace of job creation by 172,000 jobs, from 20,000 jobs in February.
This comes in line with the average hourly earnings reading, which may indicate a slowing in growth rates to 0.4% vs. 0.3% in February, ahead of the US Consumer Credit Index for February which may show $17.2 billion from $17.0 billion in January.