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June 13, 2023After ending the previous trading day at 1.5926, EUR/AUD went up to 1.5983 only to drop back; still positive overall today, now trading at 1.5962.
Germany Consumer Price Index is next today at 06:00 UTC.
At the same time, Australia NAB Business Confidence (May) released today at 01:30 UTC with a figure of -4, while the previous figure was zero. Australia Westpac Consumer Sentiment (Jun) came out at 0.2, while a consensus of analysts was expecting zero.
A look at other currencies also shows bullish price action as EUR/USD added 0.33% to its value, now trading at 1.0797. EUR/JPY rises 0.24% to trade around 150.49.
While Euro-Aussie dollar is up today, these currencies are lagging behind: after ending yesterday's session at 0.9085, USD/CHF lost 25 pips and is trading around 0.9059.
Also worthy of note, Germany Consumer Price Index is expected today at 06:00 UTC. Germany ZEW Economic Sentiment Index figure is projected at -12.7. It previously stood at -10.7; data will be released today at 09:00 UTC. Euro Zone Industrial Production is projected to outperform its last figure with 1%. It previously stood at -4.1%; data will be released tomorrow at 09:00 UTC.
As things stand, Euro-Aussie dollar is 4.67% away from a significant high of 1.6707, first set a month ago.
