After three days of declines, Euro-Aussie dollar is up 42 pips today

Published: November 25 2022, 09:55 GMT+0

After three days of declines, Euro-Aussie dollar is up 42 pips today

Tentatively higher from an earlier low of 1.5374, EUR/AUD is up to 1.5428 today, adding 42 pips, or 0.28%, to yesterday's closing price of 1.5385.

Nevertheless, Germany GDP came out at 0.4, better than analyst estimates of 0.3 and improving upon the previous reading of 0.1. Data for Germany Business Climate Index published yesterday at 09:00 UTC came out at 86.3, beating projections of 85 and showing improvement over the preceding figure of 84.5.

Meanwhile, 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.

Other currencies are also rising as USD/JPY is up 0.62%. EUR/JPY added 0.41% to its value, now trading at 144.84. USD/CHF is up 0.28%.

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

Having set a significant low of 1.4289 3 months ago, Euro-Aussie dollar is trading 7.67% higher.

Back