Euro-Aussie dollar currency pair adds 22 pips or 0.14%

Published: March 19 2023, 18:35 GMT+0

Euro-Aussie dollar currency pair adds 22 pips or 0.14%

A quick look at Friday: EUR/AUD rose 22 pips to close at 1.5963 Friday which makes for a move of 0.14%.

A look at other currencies also shows bullish price action as NZD/USD added 1.34% and closed around 0.6194 Friday. EUR/CAD is trading around 1.469 after ending Friday's session at 1.4563 (up 0.88% today).

While Euro-Aussie dollar is up today, these currencies are lagging behind: USD/JPY dips 1.33% Friday and closed at 133.59.

Furthermore, the market is looking at 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) will be released tomorrow at 10:00 UTC. Australia RBA Assist Gov Kent speech set for 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.