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March 11, 2023EUR/AUD rallied to 1.619, hitting its highest point in 1 year; it later lost 28 pips and closed at 1.6161.
At the same time, Germany Consumer Price Index released yesterday at 07:00 UTC with a figure of 8.7%, while the previous figure was 8.7%. Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -24,800, while the previous figure was -28,100. Euro Zone CFTC EUR speculative net positions came out at 165,100.
Elsewhere, other currency pairs are also gaining ground as GBP/USD added 0.92% and closed around 1.1923 yesterday. Notably, GBP/CAD rose 0.89% yesterday and closed at 1.6486.
Meanwhile, USD/CHF drops 1.2% yesterday and closed at 0.9325.
Having established significant support at 1.4289 approximately 6 months ago, Euro-Aussie dollar's share price has bounced 12.35% higher.
