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April 13, 2023EUR/AUD slides down from 1.6417 to 1.6267 today, losing 149 pips (0.91%).
On the flip side, positive data for Euro-Aussie dollar released earlier when Australia Employment Change released today at 01:30 UTC is better than expected at 53,000 but down from preceding data of 63,600 according to new data.
While price action maintains a negative bias, Germany Consumer Price Index came out at 0.8%, while a consensus of analysts was expecting 0.8%. Euro Zone Industrial Production beat analyst expectations of 1% and the previous reading of 1% with new data of 1.5%.
In the meantime, negative performances are seen in other pairs, GBP/NZD is trading around 1.9855 (down 209 pips). EUR/NZD dips 0.98% to trade around 1.7509.
Positive performances can be seen by looking at other currencies as NZD/USD soars 1.49% to trade around 0.6309.
Furthermore, Spain HICP (YoY) (Mar) is scheduled for tomorrow at 07:00 UTC. Spain Consumer Price Index figure is projected at 3.3%. It previously stood at 6%; data will be released tomorrow at 07:00 UTC. France Consumer Price Index figure is projected at 0.8%. It previously stood at 1.1%; data will be released tomorrow at 06:45 UTC.
The currency pair has been trending positively for about a month. The past 3 months have been positive for Euro-Aussie dollar as it added 5.43% compared to its 3-month low of 1.4289.
