| 
May 31, 2023Euro-Aussie dollar trades at 1.6472 after gaining 10 pips (0.06%).
Germany Unemployment Change data will be released today at 07:55 UTC, with an expected improvement to 14,000 (previous figure was 24,000).
Meanwhile, Australia Private Sector Credit came out at 0.6%, better than analyst estimates of 0.3% and improving upon the previous reading of 0.2%. Australia Construction Work Done (QoQ) (Q1) came out at 1.8, while a consensus of analysts was expecting 1.5. Australia Consumer Price Index released today at 01:30 UTC with a figure of 6.8%, while the previous figure was 7%.
Elsewhere, other currency pairs are also gaining ground as GBP/NZD moves up 0.41% to trade around 2.0609. USD/SGD rises 0.24% to trade around 1.3538.
At the same time, EUR/USD closed at 1.07 (down 0.38%).
Also worthy of note, tomorrow at 01:30 UTC data for Australia Retail Sales will be released, with an expected decline to 0% from the preceding figure of 0.4%. Germany Unemployment Change is projected to outperform its last figure with 14,000, having previously been at 24,000. The figure will be published today at 07:55 UTC.
The market is looking forward to the release of new data: Euro Zone ECB President Lagarde speech set for today at 12:30 UTC.
The past 3 months have been positive for Euro-Aussie dollar as it added 4.91% compared to its 3-month low of 1.4289.
