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May 06, 2023A quick look at yesterday: EUR/AUD ended the session around the 1.6318 level today, after Thursday's 134 pips decline and close at 1.6453.
Meanwhile, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -45,000, while the previous figure was -39,500. Euro Zone CFTC EUR speculative net positions came out at 173,500. Data from Euro Zone concerning Retail Sales was released yesterday at 09:00 UTC. Newly published figures emphasized continued decline from last month's figure of -0.2% to -1.2% this month.
Euro-Aussie dollar's value drop coincided with the fact that after ending yesterday's session at 1.4907, EUR/CAD lost 169 pips and is trading around 1.4737. USD/CAD is down to 1.3375, losing 164 pips, after ending the previous session around 1.354.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: GBP/JPY surges 0.95% yesterday and closed at 168.71.
The currency pair has been trending positively for about 2 months. Euro-Aussie dollar is now trading 1.52% away from its significant high of 1.6707 first tested 10 days ago.
