Euro-Aussie dollar lost 0.31% Friday, ending at 1.589

Published: March 19 2023, 19:50 GMT+0

Euro-Aussie dollar lost 0.31% Friday, ending at 1.589

Friday at a glance: EUR/AUD ended Friday at 1.589 following from closing Thursday at 1.594. Overall, this represents a loss of 50 pips or 0.31%.

Euro-Aussie dollar's value drop coincided with the fact that USD/JPY lost 1.27% Friday and closed at 133.59. EUR/NZD lost 0.99% Friday and closed at 1.7137.

Though Euro-Aussie dollar has been dropping, other pairs have been performing better: notably, NZD/USD rose 1.68% Friday and closed at 0.6194.

Furthermore, Germany Producer Price Index projected to decline to -1.6% while previous data was -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is scheduled for tomorrow at 10:00 UTC. Australia RBA Assist Gov Kent speech is scheduled for today at 22:10 UTC.

The currency pair has been trending positively for about 28 days. Euro-Aussie dollar is now trading 1.54% away from its significant high of 1.619 first tested 7 days ago.