Euro-Aussie dollar set for weak finish today; down 0.49% to 1.5369 with 3 hours before close

Published: January 25 2023, 20:01 GMT+0

Euro-Aussie dollar set for weak finish today; down 0.49% to 1.5369 with 3 hours before close

EUR/AUD weakened earlier in the day, before moving away from its 1.5302 low and recovering back to 1.5369.

Highly important Business Climate Index data from Germany beat analyst expectations of 90.2 with a reading of 90.2.

While price action maintains a negative bias, Australia Consumer Price Index released today at 00:30 UTC with a figure of 1.9, while the previous figure was 1.8. Data for France Jobseekers Total released today at 11:00 UTC is better than expected with 2.82 million, but worse than previous figure of 2.81 million.

In the meantime, negative performances are seen in other pairs, USD/SGD is down to 1.3131, losing 63 pips, after closing at 1.3194 in the preceding trading session.

Positive performances can be seen by looking at other currencies as GBP/NZD is up 0.85%. GBP/CAD gained 0.67% and is now trading at 1.6591.

Trading mostly sideways for a month. So far this year, Euro-Aussie dollar has declined 1.36% while touching highs around 1.6175 earlier this year.

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