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June 10, 2023EUR/AUD lost 114 pips today after closing yesterday at 1.6056. It is currently trading below the 1.6 level for the first time in 3 months.
Amid the market gloom, Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 158,400, while the previous figure was 165,700. Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -56,500, while the previous figure was -44,100.
Euro-Aussie dollar's value drop coincided with the fact that after ending yesterday's session at 1.769, EUR/NZD lost 152 pips and is trading around 1.7537. GBP/NZD lost 0.43% yesterday and closed at 2.06.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: USD/CHF is trading around 0.9033 after ending yesterday's session at 0.8989 (up 0.49% today).
Having set a peak of 1.6707 around a month ago, Euro-Aussie dollar is now trading 3.9% below this level.
