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June 27, 2023After dipping down to 1.6254, EUR/AUD regains earlier losses and reaches 1.6362.
At the same time, Germany Business Expectations published yesterday at 08:00 UTC came out at 83.6, falling short of the 88 projections and continuing its decline from the previous 88.3 figure. Business Climate Index in Germany fell short of market expectations (90.7) with a reading of 88.5, continuing the decline from the previous figure of 91.5. Germany Current Assessment (Jun) released yesterday at 08:00 UTC with a figure of 93.7, while the previous figure was 94.8.
Other currencies are also rising as EUR/JPY is up 0.62%. Having closed the previous session at 182.29, GBP/JPY is up 0.4% today to currently trade at around 183.
While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/SGD is down to 1.35, losing 29 pips, after closing at 1.353 in the preceding trading session.
Also worthy of note, Italy Consumer Price Index is expected tomorrow at 09:00 UTC. Australia Consumer Price Index figure is projected at 6.1%. It previously stood at 6.8%; data will be released tomorrow at 01:30 UTC. Germany GfK Consumer Climate (Jul) scheduled to come out tomorrow at 06:00 UTC.
Having set a significant low of 1.4289 10 months ago, Euro-Aussie dollar is trading 14.33% higher.
