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July 04, 2023EUR/AUD drops from 1.6353 to 1.6306, losing 47 pips (0.29%) today.
Euro-Aussie dollar is currently trading at 1.6306 following the release of Interest Rate data from the Australia.
Amid the market gloom, Australia Interest Rate released today at 04:30 UTC with a figure of 4.1, while the previous figure was 4.1. Spain Unemployment Change released earlier showed a marked improvement to -50,300 from the preceding data of -49,300, but fell short of the -63,500 figure forecast by a consensus of market analysts. Germany Trade Balance (May) came out at 14.4 billion, while a consensus of analysts was expecting 17.5 billion.
In the meantime, negative performances are seen in other pairs, EUR/NZD closed at 1.762 (down 0.62%). After ending yesterday's session at 2.0618, GBP/NZD lost 78 pips and is trading around 2.054.
Positive performances can be seen by looking at other currencies as NZD/USD is up 0.55%.
Furthermore, Euro Zone Composite PMI is expected tomorrow at 08:00 UTC. Australia AIG Manufacturing Index (Jun) scheduled to come out today at 23:00 UTC. Italy Services PMI is expected tomorrow at 07:45 UTC.
Having set a significant low of 1.4289 10 months ago, Euro-Aussie dollar is trading 14.44% higher.
