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June 02, 2023EUR/AUD is grinding lower from 1.637 to 1.6279, shedding 90 pips (0.55%) today.
Fresh Retail Sales data released in Australia matched analyst forecasts with a reading of 0% — a backwards step from its previous reading of 0.4%.
Meanwhile, Euro Zone Consumer Price Index released yesterday at 09:00 UTC with a figure of 6.1%, while the previous figure was 7%. Australia Home Loans (MoM) came out at -3.8, while a consensus of analysts was expecting three.
In the meantime, negative performances are seen in other pairs, GBP/NZD closed at 2.0549 (down 0.39%). EUR/NZD descends 0.44% to trade around 1.7647.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: NZD/USD goes up 0.51% to trade around 0.61.
Furthermore, Spain Unemployment Change projected to come out at -40,100 — worse than previous data of -73,900; data will be released today at 07:00 UTC. Australia CFTC AUD speculative net positions scheduled to come out today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.
Euro-Aussie dollar is now trading 2.02% away from its significant high of 1.6707 first tested a month ago.
