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June 09, 2023Tentatively higher from an earlier low of 1.6013, EUR/AUD is up to 1.6098 today, adding 41 pips, or 0.26%, to yesterday's closing price of 1.6056.
At the same time, new Euro Zone GDP data fell short of the zero projected by analysts with a reading of -0.1 while failing to improve upon the previous reading from last month (-0.1). Euro Zone GDP published yesterday at 09:00 UTC came out at 1%, falling short of the 1.2% projections and continuing its decline from the previous 1.8% figure. France Non-Farm Payrolls (QoQ) (Q1) came out at 0.3, while a consensus of analysts was expecting 0.2.
A look at other currencies also shows bullish price action as having closed the previous session at 138.9, USD/JPY is up 0.29% today to currently trade at around 139.3. EUR/JPY moves up 0.25% to trade around 150.13. GBP/JPY climbs 0.19% to trade around 174.75.
Also worthy of note, Euro Zone ECB's De Guindos speech set for today at 08:00 UTC. Euro Zone ECB's Enria speech is scheduled today at 08:30 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC.
Having set a peak of 1.6707 around a month ago, Euro-Aussie dollar is now trading 3.9% below this level.
