Is it the end of Euro-Aussie dollar's rally? After three days of gains, it is down by 0.15% today

Published: May 26 2023, 23:06 GMT+0

Is it the end of Euro-Aussie dollar's rally? After three days of gains, it is down by 0.15% today

After closing at 1.6478 yesterday, EUR/AUD opened today at 1.6484, to be greeted by bearish sentiment that overshadowing today's price action. Irrespective of the bearish mood, EUR/AUD retains a distinct 1.642 to 1.6516 daily range.

The past 3 months have been positive for Euro-Aussie dollar as it added 5.28% compared to its 3-month low of 1.4289.

Positive performances can be seen by looking at other currencies as GBP/JPY added 0.66% to its value, now trading at 173.67. USD/JPY is up 0.41%. Having closed the previous session at 150.22, EUR/JPY is up 0.43% today to currently trade at around 150.87.

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