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March 03, 2023After hitting its highest point in 2 months at 1.5828, EUR/AUD dropped by 99 pips and is now trading at 1.5729.
While price action maintains a negative bias, Euro Zone Consumer Price Index released yesterday at 10:00 UTC with a figure of 8.5%, while the previous figure was 8.6%. Australia Home Loans (MoM) came out at -4.9, while a consensus of analysts was expecting -1.7. Fresh Consumer Price Index data from Italy came out at 0.3%.
Positive performances can be seen by looking at other currencies as GBP/USD is up 0.19% to 1.1966. GBP/JPY is up 0.18%. GBP/NZD added 0.12% to its value, now trading at 1.9223.
Furthermore, Germany Trade Balance (Jan) is expected today at 07:00 UTC. Euro Zone Composite PMI is expected today at 09:00 UTC. Spain Services PMI is expected today at 08:15 UTC. Euro Zone CFTC EUR speculative net positions will be released today at 20:30 UTC.
Euro-Aussie dollar is now trading 10.17% away from its significant low of 1.4289 first tested 6 months ago.
