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 after ending Friday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD is down to 1.7009, losing 127 pips, after ending the previous session around 1.7137.

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 set 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.