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March 10, 2023EUR/AUD rallied to 1.6122, hitting its highest point in 1 year. It later lost 50 pips and is now trading at 1.6072.
Euro Zone ECB President Lagarde speech is next today at 15:00 UTC.
Meanwhile, Germany Consumer Price Index came out at 8.7%, while a consensus of analysts was expecting 8.7%. Germany Consumer Price Index released today at 07:00 UTC with a figure of 0.8%, while the previous figure was 1%. France Non-Farm Payrolls (QoQ) (Q4) came out at 0.2, while a consensus of analysts was expecting zero.
Elsewhere, other currency pairs are also gaining ground as GBP/JPY rallies 0.89% to trade around 163.76. GBP/USD is up 0.73%.
While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/CHF falls 0.68% to trade around 0.9261.
Elsewhere, Euro Zone ECB President Lagarde speech is scheduled for today at 15:00 UTC. Australia CFTC AUD speculative net positions is expected today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.
As things stand, Euro-Aussie dollar is 12.35% away from a significant low of 1.4289 first set 6 months ago.
