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May 02, 2023EUR/AUD recovering almost all the way back to 1.6554 today, after dipping down to 1.6353.
Australia Retail Sales data will be released tomorrow at 01:30 UTC, with an expected improvement to 0.3%. Euro-Aussie dollar reaction to indicator information will follow.
Meanwhile, Euro Zone Consumer Price Index released today at 09:00 UTC with a figure of 7%, while the previous figure was 6.9%. Australia Interest Rate came out at 3.85, while a consensus of analysts was expecting 3.6. Fresh Consumer Price Index data from Italy came out at 0.5%.
In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 2.0251, GBP/NZD lost 178 pips and is trading around 2.0073. GBP/JPY closed at 170.31 (down 0.83%).
Positive performances can be seen by looking at other currencies as EUR/CAD is up 0.86% to 1.4987.
Moreover, Australia Retail Sales is projected to outperform its last figure with 0.3%. It previously stood at 0.2%; data will be released tomorrow at 01:30 UTC.
Furthermore, Euro Zone Unemployment Rate is expected tomorrow at 09:00 UTC. Germany Buba Wuermeling speech set for tomorrow at 09:00 UTC.
The currency pair has been trending positively for about 2 months. Euro-Aussie dollar is now trading 0.92% away from its significant high of 1.6707 first tested 6 days ago.
