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July 03, 2023Struggling to find upward momentum, EUR/AUD has shed 1 pips to currently trade at 1.6363 as it ranges between 1.6338 and 1.6434 so far today.
Euro-Aussie dollar is currently trading at 1.6363 following the release of Manufacturing PMI data from the Germany.
Amid the market gloom, Spain Manufacturing PMI came out at 48, while a consensus of analysts was expecting 47.7. Australia Building Approvals (MoM) (May) released today at 01:30 UTC with a figure of 20.6, while the previous figure was -6.8. Fresh Home Loans (MoM) data from Australia came out at four.
In the meantime, negative performances are also seen in other pairs as GBP/NZD slips 0.3% to trade around 2.0619.
Positive performances can be seen by looking at other currencies as USD/CHF leaps up 0.5% to trade around 0.8993. Having closed the previous session at 144.26, USD/JPY is up 0.34% today to currently trade at around 144.75.
Furthermore, Australia Interest Rate figure is projected at 4.35. It previously stood at 4.1; data will be released tomorrow at 04:30 UTC. Spain Unemployment Change is projected to outperform its last figure with -63,500. It previously stood at -49,300; data will be released tomorrow at 07:00 UTC. Germany Trade Balance (May) scheduled to come out tomorrow at 06:00 UTC.
As things stand, Euro-Aussie dollar is 14.53% away from a significant low of 1.4289 first set 10 months ago.
