Euro-Aussie dollar currency pair adds 148 pips or 0.93%

EUR/AUD has rallied 148 pips, or 0.93%, to now stand at 1.6087.

Euro-Aussie dollar is currently trading at 1.6087 following the release of RBA Meeting Minutes data from the Australia.

At the same time, Producer Price Index in Germany fell short of market expectations (-0.7%) with a reading of -1.4%, continuing the decline from the previous figure of 0.3%.

Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.7613, EUR/NZD is up 0.36% today to currently trade at around 1.7677.

While Euro-Aussie dollar is up today, these currencies are lagging behind: AUD/USD dips 0.83% to trade around 0.68. GBP/JPY withdraws 0.36% to trade around 180.91.

Furthermore, the market is looking at Germany Buba President Nagel speech is scheduled for tomorrow at 13:45 UTC. Germany Buba Balz speech is scheduled tomorrow at 15:00 UTC. Euro Zone ECB McCaul speech set for today at 13:45 UTC.

As things stand, Euro-Aussie dollar is 4.6% away from a significant high of 1.6707, first set a month ago.