After three days of declines, Euro-Aussie dollar is up 38 pips today

Published: November 25 2022, 08:21 GMT+0

After three days of declines, Euro-Aussie dollar is up 38 pips today

EUR/AUD posts light gains on a low-volatility day, ranging between 1.5374 – 1.543 and is now at 1.5424.

On the flip side, Germany GDP came out at 0.4, better than analyst estimates of 0.3 and improving upon the previous reading of 0.1. Highly important Business Climate Index data from Germany beat analyst expectations of 85 with a reading of 86.3.

At the same time, Germany GDP released today at 07:00 UTC is better than expected at 1.2% but down from preceding data of 1.7% according to new data.

Elsewhere, other currency pairs are also gaining ground as EUR/NZD is up 0.3%. Having closed the previous session at 144.25, EUR/JPY is up 0.14% today to currently trade at around 144.46.

While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/SGD is trading around 1.373 (down 24 pips).

Furthermore, the market is looking at Euro Zone ECB's De Guindos speech is scheduled today at 17:00 UTC. Euro Zone ECB's Supervisory Board Member Jochnick speech is expected today at 08:50 UTC. Australia CFTC AUD speculative net positions will be released today at 19:30 UTC.

As things stand, Euro-Aussie dollar is 7.67% away from a significant low of 1.4289 first set 3 months ago.

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