Weak sentiment sees Euro-Aussie dollar posting 0.11% loss

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

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. EUR/NZD is down to 1.7009, losing 127 pips, after ending the previous session around 1.7137.

Furthermore, Germany Producer Price Index projected to come out at -1.6% — worse than previous data of -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 is scheduled 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.