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May 07, 2023Friday at a glance: EUR/AUD dropped 129 pips early on and stayed at 1.6323.
Euro-Aussie dollar's value drop coincided with the fact that EUR/CAD lost 1.13% Friday and closed at 1.4907. USD/CAD is down to 1.3373, losing 166 pips, after ending the previous session around 1.354.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: GBP/JPY added 1% and closed around 168.71 Friday.
Furthermore, tomorrow at 06:00 UTC data for Germany Industrial Production will be released, with an expected decline to -1.3% from the preceding figure of 2%. Australia Building Approvals (MoM) (Mar) is expected tomorrow at 01:30 UTC. Australia NAB Business Confidence (Apr) is scheduled for tomorrow at 01:30 UTC.
The currency pair has been trending positively for about 2 months. Euro-Aussie dollar is now trading 1.52% away from its significant high of 1.6707 first tested 11 days ago.
