After three days of going up, Euro-Aussie dollar went down 21 pips yesterday and closed at 1.6456, indicating a potential change of course

Published: May 27 2023, 05:11 GMT+0

After three days of going up, Euro-Aussie dollar went down 21 pips yesterday and closed at 1.6456, indicating a potential change of course

A quick look at yesterday: down on the day: EUR/AUD closed at 1.6456 after ranging between 1.642 and 1.6516.

Australia Retail Sales fell short of the 0.3% projections, with new data of 0%.

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 came out at 173,700.

Positive performances can be seen by looking at other currencies as GBP/NZD is trading around 2.0417 after ending yesterday's session at 2.0311 (up 0.52% today). GBP/JPY surges 0.64% yesterday and closed at 172.53. EUR/JPY ascends 0.43% yesterday and closed at 150.22.

The past 3 months have been positive for Euro-Aussie dollar as it added 5.28% compared to its 3-month low of 1.4289.

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