After three days of going up, Euro-Aussie dollar down 21 pips yesterday, signaling a possible reversal of course.

Published: May 27 2023, 09:35 GMT+0

After three days of going up, Euro-Aussie dollar down 21 pips yesterday, signaling a possible reversal of course.

A quick look at yesterday: bearish sentiment ensured EUR/AUD finished yesterday's session lower. However, despite the downward bias, Euro-Aussie dollar etched out a distinct 1.642 to 1.6516 session range.

Retail Sales in Australia fell short of market expectations (0.3%) with a reading of 0%, continuing the decline from the previous figure of 0.4%.

Meanwhile, Australia CFTC AUD speculative net positions released yesterday at 20:30 UTC with a figure of -49,100, while the previous figure was -53,600. Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 173,700, while the previous figure was 187,100.

Positive performances can be seen by looking at other currencies as GBP/NZD went up by 0.52% yesterday, and closed at 2.0417. GBP/JPY is trading around 173.63 after ending yesterday's session at 172.53 (up 0.64% today). USD/JPY is trading around 140.62 after ending yesterday's session at 140.05 (up 0.41% today).

Euro-Aussie dollar now trading 5.28% above its 3-month low of 1.4289.

Back