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June 07, 2023EUR/AUD fell to a new low at 1.5995 today, its lowest value in 2 months; yesterday ended at 1.6029.
Australia's GDP new data released of 0.2 below its previous figure.
Highly important GDP data from Australia beat analyst expectations of 0.3 with a reading of 0.2.
Meanwhile, Australia Interest Rate came out at 4.1, while a consensus of analysts was expecting 3.85. GDP in Australia fell short of market expectations (2.4%) with a reading of 2.3%, continuing the decline from the previous figure of 2.6%.
In the meantime, negative performances are also seen in other pairs as EUR/JPY closed at 148.86 (down 0.29%). USD/JPY closed at 139.29 (down 0.24%). After ending yesterday's session at 173.38, GBP/JPY lost 37 pips and is trading around 173.
Furthermore, Germany Industrial Production is projected to outperform its last figure with 0.6%, having previously been at -3.4%. The figure will be published today at 06:00 UTC. Projections for Euro Zone GDP are set for a continuation of decline with zero while previous data was 0.1; data will be released tomorrow at 09:00 UTC. Tomorrow at 09:00 UTC data for Euro Zone GDP will be released, with an expected decline to 1.2% from the preceding figure of 1.8%. Australia Trade Balance (Apr) scheduled to come out tomorrow at 01:30 UTC.
Euro-Aussie dollar is now trading 4.06% away from its significant high of 1.6707 first tested a month ago.
