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April 28, 2023Tentatively higher from an earlier low of 1.6604, EUR/AUD is up to 1.6649 today, adding 20 pips, or 0.13%, to yesterday's closing price of 1.6628.
Uptick comes while some more positive signs for Euro-Aussie dollar are out as Unemployment Change in Germany fell short of market expectations (10,000) with a reading of 24,000, continuing the decline from the previous figure of 16,000.
Meanwhile, Euro Zone CFTC EUR speculative net positions released today at 20:30 UTC with a figure of 169,400, while the previous figure was 164,400. Australia CFTC AUD speculative net positions released today at 20:30 UTC with a figure of -39,500, while the previous figure was -42,400.
A look at other currencies also shows bullish price action as GBP/JPY added 2.46% to its value, now trading at 171.26. Having closed the previous session at 133.89, USD/JPY is up 1.75% today to currently trade at around 136.24. Having closed the previous session at 147.59, EUR/JPY is up 1.73% today to currently trade at around 150.14.
Also worthy of note, Euro Zone GDP projected to come out at -0.1 — worse than previous data of 0.3; data will be released tomorrow at 09:00 UTC. Euro Zone GDP figure is projected at 1.8%. It previously stood at 1.8%; data will be released tomorrow at 09:00 UTC.
The currency pair has been trending positively for about 2 months. Euro-Aussie dollar is now trading 0.47% away from its significant high of 1.6707 first tested 2 days ago.
