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February 22, 2023
Tentatively higher from an earlier low of 1.5438, EUR/AUD is up to 1.5577 today, adding 53 pips, or 0.34%, to yesterday's closing price of 1.5524.
Euro-Aussie dollar is currently trading at 1.5577 following the release of Consumer Price Index data from the Germany.
Euro-Aussie dollar upside coincides with further encouraging market factors as highly important Business Climate Index data from Germany beat analyst expectations of 91.4 with a reading of 91.1.
At the same time, Germany Consumer Price Index released today at 07:00 UTC with a figure of 8.7%, while the previous figure was 8.1%. Germany ZEW Economic Sentiment Index came out at 28.1, while a consensus of analysts was expecting 22.
Meanwhile, EUR/JPY goes down 0.32% to trade around 143.21. GBP/NZD closed at 1.9411 (down 0.31%). EUR/NZD draws back 0.37% to trade around 1.7065.
Also worthy of note, Euro Zone Consumer Price Index is expected tomorrow at 10:00 UTC. Australia Private New Capital Expenditure (QoQ) (Q4) will be released tomorrow at 00:30 UTC. Euro Zone Consumer Price Index figure is projected at -0.2%. It previously stood at -0.4%; data will be released tomorrow at 10:00 UTC.
Having set a significant low of 1.4289 5 months ago, Euro-Aussie dollar is trading 8.64% higher.
