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May 10, 2023Slightly weaker but mostly flat: EUR/AUD is currently trading at 1.6203 as it maintains an active range between 1.6135 and 1.625.
On the flip side, new Retail Sales data from Australia matched market expectations with a reading of 0.4% — a positive step in contrast to previous data of 0.2% from last month.
Meanwhile, Germany Consumer Price Index released today at 06:00 UTC with a figure of 0.4%, while the previous figure was 0.8%. Germany Consumer Price Index came out at 7.2%, while a consensus of analysts was expecting 7.2%.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 135.18, USD/JPY lost 109 pips and is trading around 134.09. GBP/JPY is down to 169.3, losing 128 pips, after closing at 170.58 in the preceding trading session. EUR/JPY is down 93 pips from the beginning of the session and now trades around 147.3.
Furthermore, Australia Westpac Consumer Sentiment (May) is expected tomorrow at 01:30 UTC. Germany Buba Mauderer speech is scheduled tomorrow at 07:00 UTC. Euro Zone ECB's Schnabel speech set for tomorrow at 12:00 UTC.
Having set a peak of 1.6707 around 14 days ago, Euro-Aussie dollar is now trading 2.96% below this level.
