Upwardly mobile Euro-Aussie dollar extends gains by 118 pips; closes session 0.76% higher

Yesterday at a glance: EUR/AUD closed yesterday at 1.5678 (with a daily low of 1.5512) after ending Thursday at 1.556 and gaining 0.76%.

This move comes while some more positive signs for Euro-Aussie dollar are out as GDP in Germany fell short of market expectations (-0.2) with a reading of -0.4, continuing the decline from the previous figure of 0.5.

At the same time, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -30,600, while the previous figure was -33,200. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 150,500, while the previous figure was 134,300.

Elsewhere, other currency pairs are also gaining ground as USD/JPY soars 1.37% yesterday and closed at 134.65. USD/SGD is trading around 1.3505 after ending yesterday's session at 1.3421 (up 0.63% today).

Meanwhile, after ending yesterday's session at 0.681, AUD/USD lost 83 pips and is trading around 0.6726.

Euro-Aussie dollar is now trading 8.89% away from its significant low of 1.4289 first tested 6 months ago.