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May 25, 2023After closing the previous trading day at 1.6421, EUR/AUD is up to 1.6435, which makes for a move of 0.09%/14 pips today.
Germany GDP data will be released today at 06:00 UTC, with an expected improvement to -0.1 (previous figure was -0.4).
Uptick comes while some more positive signs for Euro-Aussie dollar are out as highly important Business Climate Index data from Germany beat analyst expectations of 93 with a reading of 91.7.
Meanwhile, Business Expectations in Germany fell short of market expectations (91.9) with a reading of 88.6, continuing the decline from the previous figure of 91.7. Germany Current Assessment (May) released yesterday at 08:00 UTC with a figure of 94.8, while the previous figure was 95.1.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD added 0.21% to its value, now trading at 2.0273. USD/SGD increases 0.13% to trade around 1.3504. EUR/NZD is up 0.25%.
Furthermore, the market is looking at Germany GDP is projected to outperform its last figure with -0.1. It previously stood at -0.4; data will be released today at 06:00 UTC. Projections for Australia Retail Sales are set for a continuation of decline with 0.3% while previous data was 0.4%; data will be released tomorrow at 01:30 UTC.
Also worthy of note, today at 06:00 UTC data for Germany GDP will be released, with an expected decline to 0.2% from the preceding figure of 0.3%.
Having set a peak of 1.6707 around 29 days ago, Euro-Aussie dollar is now trading 1.71% below this level.
