Euro-Aussie dollar set for weak finish today; down 0.55% to 1.5361 with a hour before close

Published: January 25 2023, 22:15 GMT+0

Euro-Aussie dollar set for weak finish today; down 0.55% to 1.5361 with a hour before close

EUR/AUD recovering almost all the way back to 1.5445 today, after dipping down to 1.5302.

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

Amid the market gloom, 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 also seen in other pairs as USD/SGD closed at 1.3129 (down 0.49%).

Positive performances can be seen by looking at other currencies as having closed the previous session at 1.8972, GBP/NZD is up 0.79% today to currently trade at around 1.9121. Having closed the previous session at 1.6479, GBP/CAD is up 0.68% today to currently trade at around 1.6592.

Trading mostly sideways for a month. This year has been a gloomy one for Euro-Aussie dollar after trading as high as 1.6175 and going on to lose 1.36% of its value.

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