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June 05, 2023EUR/AUD posts light gains on a low-volatility day, ranging between 1.6186 – 1.6232 and is now at 1.6211.
Meanwhile, Australia Company Gross Operating Profits (QoQ) (Q1) came out at 0.5, while a consensus of analysts was expecting 1.5.
A look at other currencies also shows bullish price action as USD/SGD added 0.13% to its value, now trading at 1.3512. USD/CHF improves 0.13% to trade around 0.91.
At the same time, GBP/USD closed at 1.2432 (down 0.17%).
Furthermore, the market is looking at Australia Interest Rate figure is projected at 3.85. It previously stood at 3.85; data will be released tomorrow at 04:30 UTC. Australia RBA Rate Statement scheduled to come out tomorrow at 04:30 UTC. Australia Building Approvals (MoM) will be released tomorrow at 01:30 UTC.
Euro-Aussie dollar is now trading 3% away from its significant high of 1.6707 first tested a month ago.
