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March 08, 2023
EUR/AUD slides down from 1.601 to 1.5976 today, losing 33 pips (0.21%).
Euro-Aussie dollar is currently trading at 1.5976 following the release of ECB President Lagarde speech data from the Euro Zone.
On the flip side, highly important Retail Sales data from Australia beat analyst expectations of 1.9% with a reading of 1.9%.
Meanwhile, Australia Interest Rate came out at 3.6, while a consensus of analysts was expecting 3.6. Following a previous reading of 2.3%, GDP in Euro Zone released today at 10:00 UTC fell short of the 1.9% figure expected by analysts with an actual reading of 1.8%.
In the meantime, negative performances are seen in other pairs, EUR/NZD is down 24 pips from the beginning of the session and now trades around 1.7233.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: USD/CHF added 0.11% to its value, now trading at 0.9425. Having closed the previous session at 1.3745, USD/CAD is up 0.12% today to currently trade at around 1.3761.
Furthermore, Australia Building Approvals (MoM) is expected tomorrow at 00:30 UTC. France Non-Farm Payrolls (QoQ) (Q4) is scheduled for tomorrow at 06:30 UTC.
After setting a supportive marker at 1.4289 around 6 months ago, Euro-Aussie dollar is now trading 12.04% above this level.
