Euro-Aussie dollar sheds 0.11% within 1.5853 to 1.5956 daily range

A quick look at Friday: EUR/AUD stumbles 0.11% to close at 1.5923 Friday.

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

Furthermore, Germany Producer Price Index expected to decline to -1.6% while its preceding data was -1%, data will be available tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) scheduled to come out tomorrow at 10:00 UTC. Australia RBA Assist Gov Kent speech is expected today at 22:10 UTC.

The currency pair has been trending positively for about 28 days. As things stand, Euro-Aussie dollar is 1.54% away from a significant high of 1.619, first set 7 days ago.