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May 08, 2023EUR/AUD is grinding lower from 1.632 to 1.6225, shedding 94 pips (0.58%) today.
Australia Retail Sales data will be released tomorrow at 01:30 UTC, with an expected improvement to 0.4%. Euro-Aussie dollar reaction to indicator information will follow.
Meanwhile, Germany Industrial Production published today at 06:00 UTC came out at -3.4%, falling short of the -1.3% projections and continuing its decline from the previous 2.1% figure. Australia Building Approvals (MoM) (Mar) released today at 01:30 UTC with a figure of -0.1, while the previous figure was 3.9. Australia NAB Business Confidence (Apr) came out at zero, while a consensus of analysts was expecting zero.
In the meantime, negative performances are also seen in other pairs as after ending Friday's session at 2.0061, GBP/NZD lost 176 pips and is trading around 1.9885. EUR/NZD is down 159 pips from the beginning of the session and now trades around 1.7339.
Positive performances can be seen by looking at other currencies as NZD/USD improves 0.77% to trade around 0.6345.
Moreover, Australia Retail Sales is projected to outperform its last figure with 0.4%, having previously been at 0.2%. The figure will be published tomorrow at 01:30 UTC.
Furthermore, Australia Westpac Consumer Sentiment (May) is scheduled for tomorrow at 00:30 UTC. Euro Zone ECB's Lane speech is scheduled tomorrow at 08:00 UTC.
As things stand, Euro-Aussie dollar is 2.31% away from a significant high of 1.6707, first set 12 days ago.
