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April 05, 2023EUR/AUD reached 1.6388, breaking a 1 year record. Later, it lost 140 pips and is now trading at 1.6248.
Meanwhile, Australia Interest Rate came out at 3.6, while a consensus of analysts was expecting 3.6. Euro Zone Composite PMI released today at 08:00 UTC with a figure of 53.7, while the previous figure was 52. Spain Services PMI came out at 59.4, while a consensus of analysts was expecting 57.5.
At the same time, EUR/JPY is down 126 pips from the beginning of the session and now trades around 142.94. GBP/JPY closed at 163.19 (down 0.81%). USD/JPY descends 0.5% to trade around 131.02.
Also worthy of note, tomorrow at 06:00 UTC data for Germany Industrial Production will be released, with an expected decline to 0.1% from the preceding figure of 3.5%. Australia Trade Balance (Feb) is expected tomorrow at 01:30 UTC. Australia RBA Financial Stability Review is scheduled for tomorrow at 01:30 UTC.
The currency pair has been trending positively for about a month. Euro-Aussie dollar is now trading 13.49% away from its significant low of 1.4289 first tested 7 months ago.
