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April 24, 2023
EUR/AUD reached 1.6515, breaking a 2 years record. Later, it lost 17 pips and is now trading at 1.6497.
Euro-Aussie dollar upside coincides with further encouraging market factors as highly important Business Climate Index data from Germany beat analyst expectations of 94 with a reading of 93.6.
At the same time, Germany Current Assessment (Apr) released today at 08:00 UTC with a figure of 95, while the previous figure was 95.4. Data for Germany Business Expectations published today at 08:00 UTC came out at 92.2, beating projections of 91.5 and showing improvement over the preceding figure of 91.
Other currencies are also rising as EUR/JPY is up 0.63% to 148.32. Having closed the previous session at 1.4873, EUR/CAD is up 0.55% today to currently trade at around 1.4955.
While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/CHF is down to 0.8877, losing 42 pips, after closing at 0.892 in the preceding trading session.
Elsewhere, Euro Zone ECB's Enria speech will be released tomorrow at 08:00 UTC.
The currency pair has been trending positively for about 2 months. Euro-Aussie dollar now trading 6.18% above its 3-month low of 1.4289.
