| 
April 12, 2023EUR/AUD posts light gains on a low-volatility day, ranging between 1.633 – 1.6438 and is now at 1.641.
Australia Employment Change data will be released tomorrow at 01:30 UTC, with an expected decline to 20,000.
At the same time, fresh Retail Sales data released in Euro Zone matched analyst forecasts with a reading of -0.8% — a backwards step from its previous reading of 0.8%. Australia NAB Business Confidence (Mar) released yesterday at 01:30 UTC with a figure of -1, while the previous figure was -4. Australia Westpac Consumer Sentiment (Apr) came out at 9.4, while a consensus of analysts was expecting 1.5.
A look at other currencies also shows bullish price action as EUR/USD is up 0.75%.
Meanwhile, USD/CHF falls 0.87% to trade around 0.8955. After ending yesterday's session at 1.3325, USD/SGD lost 48 pips and is trading around 1.3276.
Furthermore, the market is looking at Australia Employment Change projected to decline to 20,000 while previous data was 64599.99999999999; data will be released tomorrow at 01:30 UTC.
Elsewhere, Germany Consumer Price Index is expected tomorrow at 06:00 UTC. Tomorrow at 01:30 UTC data for Australia Full Time Employment will be released, with an expected decline to 8,000 from the preceding figure of 74,900.
The currency pair has been trending positively for about a month. As things stand, Euro-Aussie dollar is 0.07% away from a significant high of 1.6408, first set a day ago.
