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

Friday at a glance: EUR/AUD ended Friday at 1.5923 following from closing Thursday at 1.594. Overall, this represents a loss of 16 pips or 0.11%.

Euro-Aussie dollar's value drop coincided with the fact that USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. USD/SGD falls 0.44% Friday and closed at 1.3456. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

Furthermore, 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 is expected 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.