Weak sentiment sees Euro-Aussie dollar posting 0.23% loss

EUR/AUD is grinding lower from 1.6418 to 1.638, shedding 38 pips (0.23%) today.

Euro-Aussie dollar is currently trading at 1.638 following the release of Consumer Price Index data from the Euro Zone.

Meanwhile, Germany Consumer Price Index released yesterday at 12:00 UTC with a figure of 0.3%, while the previous figure was -0.1%. Fresh 10-Year BTP Auction data from Italy came out at 4.13. Euro Zone Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0%.

In the meantime, negative performances are also seen in other pairs as EUR/NZD closed at 1.7825 (down 0.41%). EUR/GBP decreases 0.37% to trade around 0.8583.

Though Euro-Aussie dollar has been dropping, other pairs have been performing better: USD/CHF increases 0.26% to trade around 0.9016.

Furthermore, Australia CFTC AUD speculative net positions scheduled to come out today at 20:30 UTC. Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.

Having established significant support at 1.4289 approximately 10 months ago, Euro-Aussie dollar's share price has bounced 14.9% higher.