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May 16, 2023After dipping down to 1.6208, EUR/AUD regains earlier losses and goes up to 1.6321.
At the same time, Euro Zone ZEW Economic Sentiment Index came out at -9.4, while a consensus of analysts was expecting -1. Germany ZEW Current Conditions (May) released today at 09:00 UTC with a figure of -34.8, while the previous figure was -32.5. Euro Zone's GDP published today at 09:00 UTC came out at 1.3%. The fresh reading lived up to analyst expectations as well as matching the previous month's figure.
Other currencies are showing mixed performance as EUR/JPY moves 0.09% to trade around 148.24. USD/JPY trades with no major change, around 136.46. GBP/JPY moves 0.07% to trade around 170.33.
Furthermore, the market is looking at Euro Zone Consumer Price Index figure is projected at 7%. It previously stood at 6.9%; data will be released tomorrow at 09:00 UTC. Euro Zone Consumer Price Index is expected tomorrow at 09:00 UTC. Australia Wage Price Index (QoQ) (Q1) is scheduled for tomorrow at 01:30 UTC.
As things stand, Euro-Aussie dollar is 2.35% away from a significant high of 1.6707, first set 20 days ago.
