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June 28, 2023EUR/AUD has rallied 116 pips, or 0.71%, to now stand at 1.6505.
Meanwhile, Italy Consumer Price Index came out at 0%, while a consensus of analysts was expecting 0.1%. Germany GfK Consumer Climate (Jul) released today at 06:00 UTC with a figure of -25.4, while the previous figure was -24.4. Australia Consumer Price Index released today at 01:30 UTC with a figure of 5.6%, while the previous figure was 6.8%.
A look at other currencies also shows bullish price action as EUR/NZD is up 1.14% to 1.7976. GBP/NZD soars 0.86% to trade around 2.0847.
While Euro-Aussie dollar is up today, these currencies are lagging behind: NZD/USD closed at 0.6096 (down 1.15%).
Furthermore, the market is looking at Germany Consumer Price Index is expected tomorrow at 12:00 UTC. Spain HICP (YoY) (Jun) is expected tomorrow at 07:00 UTC. Spain Consumer Price Index is expected tomorrow at 07:00 UTC.
Euro-Aussie dollar is now trading 14.7% away from its significant low of 1.4289 first tested 10 months ago.
