Bearish sentiment sends Euro-Aussie dollar 0.11% lower

Published: March 19 2023, 16:51 GMT+0

Bearish sentiment sends Euro-Aussie dollar 0.11% lower

Friday at a glance: EUR/AUD retreats 0.11% to close at 1.5923 Friday.

Euro-Aussie dollar's value drop coincided with the fact that USD/JPY drops 1.33% Friday and closed at 133.59. USD/SGD lost 0.44% Friday and closed at 1.3456. EUR/NZD lost 0.75% Friday and closed at 1.7137.

Furthermore, tomorrow at 07:00 UTC data for Germany Producer Price Index will be released, with an expected decline to -1.6% from the preceding figure of -1%. Euro Zone Trade Balance (Jan) scheduled to come out tomorrow at 10:00 UTC. Australia RBA Assist Gov Kent speech is scheduled today at 22:10 UTC.

The currency pair has been trending positively for about 28 days. Having set a peak of 1.619 around 7 days ago, Euro-Aussie dollar is now trading 1.54% below this level.