After closing at 1.6308 Friday, EUR/AUD began today at 1.6323 with significant bullish sentiment driving EUR/AUD's price action higher. So far today, price action has drawn out a distinct 1.6186 to 1.6349 range.
Meanwhile, Business Expectations in Germany fell short of market expectations (88) with a reading of 83.6, continuing the decline from the previous figure of 88.3. Following a previous reading of 91.5, Business Climate Index in Germany released today at 08:00 UTC fell short of the 90.7 figure expected by analysts with an actual reading of 88.5. Germany Current Assessment (Jun) released today at 08:00 UTC with a figure of 93.7, while the previous figure was 94.8.
Meanwhile, after ending Friday's session at 156.54, EUR/JPY lost 51 pips and is trading around 156.03. USD/JPY closed at 143.18 (down 0.33%). USD/CHF is down 23 pips from the beginning of the session and now trades around 0.8941.
Elsewhere, Euro Zone ECB President Lagarde speech is scheduled for today at 17:30 UTC. Euro Zone ECB McCaul speech set for today at 13:00 UTC. Euro Zone ECB's Panetta speech is expected tomorrow at 08:30 UTC.
Having established significant support at 1.4289 approximately 10 months ago, Euro-Aussie dollar's share price has bounced 14.13% higher.