Friday's lacklustre market sentiment sees Euro-Aussie dollar drop 0.11%

Friday at a glance: EUR/AUD slides down 0.11% to close at 1.5923 Friday.

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 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, projections for Germany Producer Price Index are set for a continuation of decline with -1.6% while previous data was -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is expected tomorrow at 10:00 UTC. Australia RBA Assist Gov Kent speech scheduled to come out today at 22:10 UTC.

The currency pair has been trending positively for about 28 days. Having set a peak of 1.619 around 7 days ago, Euro-Aussie dollar is now trading 1.54% below this level.