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May 11, 2023
EUR/AUD goes up to 1.629, having dipped down to 1.6172 earlier.
At the same time, Germany Consumer Price Index released yesterday at 06:00 UTC with a figure of 0.4%, while the previous figure was 0.8%. Germany Consumer Price Index came out at 7.2%, while a consensus of analysts was expecting 7.2%.
Other currencies are showing mixed performance as GBP/NZD trades with no major change, around 1.987.
Furthermore, the market is looking at Australia Westpac Consumer Sentiment (May) is expected tomorrow at 02:00 UTC. France HICP (MoM) (Apr) scheduled to come out tomorrow at 06:45 UTC. Spain Consumer Price Index is expected tomorrow at 07:00 UTC.
As things stand, Euro-Aussie dollar is 2.56% away from a significant high of 1.6707, first set 15 days ago.
