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June 06, 2023After having ended yesterday at 1.6185, EUR/AUD is down to 1.6069 today. Overall, a 0.72% move or 116 pips.
Euro-Aussie dollar is currently trading at 1.6069 following the release of RBA Rate Statement data from the Australia.
While price action maintains a negative bias, Australia Interest Rate released today at 04:30 UTC with a figure of 4.1, while the previous figure was 3.85. Australia Current Account (Q1) came out at 12.3 billion, while a consensus of analysts was expecting 6.5 billion. Fresh Building Approvals (MoM) data from Australia came out at -8.1.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 1.344, USD/CAD lost 28 pips and is trading around 1.3411.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: AUD/USD is up 0.75%. NZD/USD is up 0.27% to 0.6089.
In addition, Australia GDP is projected to outperform its last figure with 0.8. It previously stood at 0.5; data will be released tomorrow at 01:30 UTC.
Furthermore, Euro Zone Retail Sales is projected to outperform its last figure with 0.2%. It previously stood at -1.2%; data will be released today at 09:00 UTC. Germany Factory Orders is projected to outperform its last figure with -2.2%, having previously been at -10.7%. The figure will be published today at 06:00 UTC.
Having set a peak of 1.6707 around a month ago, Euro-Aussie dollar is now trading 3.12% below this level.
