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June 16, 2023After closing at 1.59 yesterday, EUR/AUD began today at 1.5894 with significant bullish sentiment driving EUR/AUD's price action higher. So far today, price action has drawn out a distinct 1.5848 to 1.599 range.
Euro Zone Consumer Price Index is next today at 09:00 UTC.
At the same time, Euro Zone Deposit Facility Rate (Jun) came out at 3.5, while a consensus of analysts was expecting 3.5. Euro Zone Interest Rate released yesterday at 12:15 UTC with a figure of four, while the previous figure was 3.75. Euro Zone ECB Marginal Lending Facility released yesterday at 12:15 UTC with a figure of 4.25, while the previous figure was four.
Elsewhere, other currency pairs are also gaining ground as EUR/JPY rallies 0.69% to trade around 154.55. Having closed the previous session at 140.26, USD/JPY is up 0.63% today to currently trade at around 141.15. GBP/JPY gained 0.69% and is now trading at 180.53.
Also worthy of note, Euro Zone Consumer Price Index is expected today at 09:00 UTC. Euro Zone Consumer Price Index is expected today at 09:00 UTC. Euro Zone Wages in euro zone (YoY) (Q1) is expected today at 09:00 UTC.
As things stand, Euro-Aussie dollar is 4.83% away from a significant high of 1.6707, first set a month ago.
