After three days of declines, Euro-Aussie dollar is up 20 pips today

Published: November 25 2022, 14:10 GMT+0

After three days of declines, Euro-Aussie dollar is up 20 pips today

After closing the previous trading day at 1.5385, EUR/AUD went up to 1.5451 only to drop back; still positive overall today, now trading at 1.5406.

On the flip side, data for Germany GDP published today at 07:00 UTC came out at 0.4, beating projections of 0.3 and showing improvement over the preceding figure of 0.1. Germany Business Climate Index beat analyst expectations of 85 and the previous reading of 84.5 with new data of 86.3.

Meanwhile, data for Germany GDP released today at 07:00 UTC is better than expected with 1.2%, but worse than previous figure of 1.7%.

Other currencies are also rising as having closed the previous session at 0.943, USD/CHF is up 0.68% today to currently trade at around 0.9494. Having closed the previous session at 138.59, USD/JPY is up 0.65% today to currently trade at around 139.49.

While Euro-Aussie dollar is up today, these currencies are lagging behind: EUR/USD closed at 1.0367 (down 0.44%).

Furthermore, the market is looking at Euro Zone ECB's De Guindos speech is scheduled today at 17:00 UTC. Australia CFTC AUD speculative net positions will be released today at 19:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 19:30 UTC.

After setting a supportive marker at 1.4289 around 3 months ago, Euro-Aussie dollar is now trading 7.67% above this level.

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