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April 26, 2023EUR/AUD reached 1.6786, breaking a 2 years record. Later, it lost 69 pips and is now trading at 1.6717.
Meanwhile, Australia Consumer Price Index came out at 1.4, while a consensus of analysts was expecting 1.3. New Jobseekers Total data from France matched market expectations with a reading of 2.79 million — a positive step in contrast to previous data of 2.8 million from last month. Germany GfK Consumer Climate (May) released today at 06:00 UTC with a figure of -25.7, while the previous figure was -29.3.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD gained 0.85% and is now trading at 2.0385. Having closed the previous session at 1.7868, EUR/NZD is up 1% today to currently trade at around 1.8046. EUR/CAD is up 0.7%.
The market is looking forward to the release of new data: Italy 10-Year BTP Auction will be released tomorrow at 09:10 UTC. Euro Zone ECB's Panetta speech scheduled to come out tomorrow at 16:15 UTC.
The currency pair has been trending positively for about 2 months. The past 3 months have been positive for Euro-Aussie dollar as it added 7.76% compared to its 3-month low of 1.4289.
