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May 03, 2023Euro-Aussie dollar trades at 1.6575 after gaining 65 pips (0.4%).
Meanwhile, Euro Zone Consumer Price Index released yesterday at 09:00 UTC with a figure of 7%, while the previous figure was 6.9%. Australia Interest Rate came out at 3.85, while a consensus of analysts was expecting 3.6. Euro Zone Unemployment Rate beat analyst expectations of 6.6 and the previous reading of 6.6 with new data of 6.5.
While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/JPY drops 1.39% to trade around 134.62. USD/CHF is down to 0.8839, losing 90 pips, after closing at 0.893 in the preceding trading session. EUR/JPY is trading around 149 (down 121 pips).
Furthermore, the market is looking at Euro Zone Deposit Facility Rate (May) is scheduled for tomorrow at 12:15 UTC. Euro Zone Interest Rate is expected tomorrow at 12:15 UTC. Euro Zone ECB Marginal Lending Facility scheduled to come out tomorrow at 12:15 UTC.
The currency pair has been trending positively for about 2 months. Having set a peak of 1.6707 around 7 days ago, Euro-Aussie dollar is now trading 1.18% below this level.
