Euro-Aussie dollar set for weak finish today; down 0.59% to 1.6551 with 2 hours before close

As the current session draws to a close, Euro-Aussie dollar remains in the 1.6504 – 1.6684 range after dropping 0.59%.

Australia Interest Rate is next tomorrow at 04:30 UTC.

In the meantime, negative performances are seen in other pairs, GBP/CAD falls 0.6% to trade around 1.6922. GBP/USD closed at 1.2497 (down 0.56%).

Though Euro-Aussie dollar has been dropping, other pairs have been performing better: having closed the previous session at 136.24, USD/JPY is up 0.91% today to currently trade at around 137.48.

Furthermore, Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Australia Interest Rate is expected tomorrow at 04:30 UTC. Australia RBA Rate Statement scheduled to come out tomorrow at 04:30 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 8.42% compared to its 3-month low of 1.4289.