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May 19, 2023EUR/AUD is down to 1.6256, after ending yesterday at 1.6259. Overall, a 0.02% loss or 3 pips today.
Highly important Employment Change data from Australia beat analyst expectations of 25,000 with a reading of -4,300.
Meanwhile, Unemployment Rate in Australia fell short of market expectations (3.5) with a reading of 3.7, continuing the decline from the previous figure of 3.5. Australia Full Time Employment is released with a new figure of -27,100, this is down from preceding data of 82,500.
In the meantime, negative performances are also seen in other pairs as EUR/JPY closed at 149.13 (down 0.14%). GBP/JPY is down 19 pips from the beginning of the session and now trades around 171.78.
Positive performances can be seen by looking at other currencies as having closed the previous session at 0.6229, NZD/USD is up 0.12% today to currently trade at around 0.6237.
Furthermore, Euro Zone ECB President Lagarde speech scheduled to come out today at 19:00 UTC. Germany Producer Price Index is projected to outperform its last figure with -0.5%. It previously stood at -1.4%; data will be released today at 06:00 UTC. Australia CFTC AUD speculative net positions will be released today at 20:30 UTC.
Having set a peak of 1.6707 around 23 days ago, Euro-Aussie dollar is now trading 2.68% below this level.
