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April 07, 2023After dipping down to 1.6311, EUR/AUD regains earlier losses and reaches 1.6362.
At the same time, Germany Industrial Production released yesterday at 06:00 UTC is better than expected at 2% but down from preceding data of 3.7% according to new data. Australia Trade Balance (Feb) released yesterday at 01:30 UTC with a figure of 13.87 billion, while the previous figure was 11.27 billion.
Other currencies are also rising as USD/JPY added 0.25% to its value, now trading at 132.
While Euro-Aussie dollar is up today, these currencies are lagging behind: GBP/NZD is down to 1.9876, losing 41 pips, after closing at 1.9917 in the preceding trading session. GBP/USD goes down 0.18% to trade around 1.2415.
Furthermore, the market is looking at Australia CFTC AUD speculative net positions scheduled to come out today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 20:30 UTC.
The currency pair has been trending positively for about a month. Euro-Aussie dollar now trading 5.83% above its 3-month low of 1.4289.
