After three days of persistent declines, Euro-Aussie dollar stabilises around 1.5397

Published: November 25 2022, 07:51 GMT+0

After three days of persistent declines, Euro-Aussie dollar stabilises around 1.5397

Currently trading at 1.5397, EUR/AUD remains range-bound between 1.5374 and 1.541.

On the flip side, highly important GDP data from Germany beat analyst expectations of 0.3 with a reading of 0.4. Germany Business Climate Index beat analyst expectations of 85 and the previous reading of 84.5 with new data of 86.3.

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.

Elsewhere, other currency pairs are also gaining ground as USD/CHF improves 0.26% to trade around 0.9454.

While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/SGD closed at 1.3723 (down 0.23%).

Other currencies are showing mixed performance as EUR/JPY moves 0.09% to trade around 144.39.

Elsewhere, Euro Zone ECB's De Guindos speech will be released today at 17:00 UTC. Euro Zone ECB's Supervisory Board Member Jochnick speech is scheduled today at 08:50 UTC. Australia CFTC AUD speculative net positions scheduled to come out 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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