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May 20, 2023A quick look at yesterday: Euro-Aussie dollar dipped as low as 1.6196 before recovering some lost ground. However, the rebound failed to push the stock to where it started the session (1.626) with EUR/AUD closing the day at 1.624.
Euro-Aussie dollar is currently trading at 1.624 following the release of ECB President Lagarde speech data from the Euro Zone.
Meanwhile, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -53,600, while the previous figure was -49,200. Fresh CFTC EUR speculative net positions data from Euro Zone came out at 187,100. Data for Germany Producer Price Index published yesterday at 06:00 UTC came out at 0.3%, beating projections of -0.5% and showing improvement over the preceding figure of -1.4%.
Euro-Aussie dollar's value drop coincided with the fact that USD/CHF drops 0.68% yesterday and closed at 0.9052. USD/JPY is down to 137.88, losing 78 pips, after ending the previous session around 138.66.
Positive performances can be seen by looking at other currencies as NZD/USD added 0.97% and closed around 0.6229 yesterday.
Furthermore, Germany Buba Balz speech is scheduled for today at 01:00 UTC.
Having set a peak of 1.6707 around 24 days ago, Euro-Aussie dollar is now trading 2.68% below this level.
