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April 03, 2023After hitting its highest point in 1 year at 1.6314, EUR/AUD dropped by 214 pips and is now trading at 1.61.
Euro-Aussie dollar is currently trading at 1.61 following the release of Manufacturing PMI data from the Germany.
On the flip side, positive data for Euro-Aussie dollar released earlier when highly important Retail Sales data from Australia beat analyst expectations of 0.1% with a reading of 0.2%.
Amid the market gloom, Spain Manufacturing PMI released today at 07:15 UTC with a figure of 51.3, while the previous figure was 50.7. Australia Building Approvals (MoM) came out at four, while a consensus of analysts was expecting -2.
Positive performances can be seen by looking at other currencies as AUD/USD added 0.98% to its value, now trading at 0.6753. EUR/JPY is up 0.36% to 144.49. GBP/JPY increases 0.42% to trade around 164.5.
Furthermore, Australia Interest Rate figure is projected at 3.6. It previously stood at 3.6; data will be released tomorrow at 04:30 UTC. Australia RBA Rate Statement is expected tomorrow at 04:30 UTC. Germany Trade Balance (Feb) is scheduled for tomorrow at 06:00 UTC. Spain Unemployment Change is expected tomorrow at 07:00 UTC.
The currency pair has been trending positively for about a month. Having set a significant low of 1.4289 7 months ago, Euro-Aussie dollar is trading 13.44% higher.
