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March 02, 2023EUR/AUD rallied to 1.5828, hitting its highest point in 2 months. It later lost 42 pips and is now trading at 1.5785.
Euro Zone Consumer Price Index is next today at 10:00 UTC.
On the flip side, highly important Unemployment Change data from Germany beat analyst expectations of 9,000 with a reading of 2,000. GDP in Australia fell short of market expectations (0.8) with a reading of 0.5, continuing the decline from the previous figure of 0.7.
Meanwhile, Germany Consumer Price Index released yesterday at 13:00 UTC with a figure of 8.7%, while the previous figure was 8.7%.
Other currencies are also rising as USD/SGD gained 0.24% and is currently trading at 1.3448. USD/CHF gained 0.3% and is now trading at 0.9421. Having closed the previous session at 1.9219, GBP/NZD is up 0.29% today to currently trade at around 1.9275.
Furthermore, the market is looking at Euro Zone Consumer Price Index is expected today at 10:00 UTC. Euro Zone ECB Monetary Policy Statement is expected today at 12:30 UTC. Euro Zone ECB Publishes Account of Monetary Policy Meeting is scheduled for today at 12:30 UTC. Spain Unemployment Change is projected to outperform its last figure with 11,500, having previously been at 70,700. The figure will be published today at 08:00 UTC.
As things stand, Euro-Aussie dollar is 10.47% away from a significant low of 1.4289 first set 6 months ago.
