Kicking off the session at 1.6377, Euro-Aussie dollar currency pair peaks at 1.6516

Currently trading at 1.6427, EUR/AUD remains range-bound between 1.6351 and 1.6516.

Meanwhile, Australia Building Approvals (MoM) (Apr) released today at 01:30 UTC with a figure of -8.1, while the previous figure was -1.

A look at other currencies also shows bullish price action as GBP/NZD gained 0.26% and is now trading at 2.0455. EUR/NZD gained 0.3% and is currently trading at 1.7734.

At the same time, GBP/JPY descends 0.17% to trade around 173.14.

Furthermore, the market is looking at Germany Unemployment Change is projected to outperform its last figure with 14,000. It previously stood at 24,000; data will be released tomorrow at 07:55 UTC.

Also worthy of note, Euro Zone ECB President Lagarde speech set for tomorrow at 12:30 UTC. Australia Construction Work Done (QoQ) (Q1) will be released tomorrow at 01:30 UTC.

As things stand, Euro-Aussie dollar is 2% away from a significant high of 1.6707, first set a month ago.