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April 19, 2023Marginally higher but lacking a clear-cut direction, EUR/AUD is trading at 1.6314 after ranging between 1.6278 and 1.6347 today.
At the same time, Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 6.9%, while the previous figure was 8.5%. Germany ZEW Economic Sentiment Index came out at 4.1, while a consensus of analysts was expecting 15.3. Germany 10-Year Bund Auction came out at 2.51.
Elsewhere, other currency pairs are also gaining ground as having closed the previous session at 1.6638, GBP/CAD is up 0.62% today to currently trade at around 1.6742. Having closed the previous session at 134.07, USD/JPY is up 0.52% today to currently trade at around 134.77. GBP/JPY gained 0.62% and is now trading at 167.64.
Furthermore, the market is looking at Euro Zone ECB Publishes Account of Monetary Policy Meeting is scheduled for tomorrow at 11:30 UTC. Australia NAB Quarterly Business Confidence is expected tomorrow at 01:30 UTC. Projections for Germany Producer Price Index are set for a continuation of decline with -0.5% while previous data was -0.3%; data will be released tomorrow at 06:00 UTC.
The currency pair has been trending positively for about 2 months. As things stand, Euro-Aussie dollar is 0.71% away from a significant high of 1.6417, first set 7 days ago.
