While yesterday ended at 1.583, today, EUR/AUD rallied above 1.5976 for the first time in 10 months and gained 129 pips — now trading at 1.596.
Nevertheless, data for Germany Business Climate Index published yesterday at 09:00 UTC came out at 88.6, beating projections of 87.4 and showing improvement over the preceding figure of 86.4.
Meanwhile, Germany Producer Price Index released earlier showed a marked improvement to -3.9% from the preceding data of -4.2%, but fell short of the -2.5% figure forecast by a consensus of market analysts. Euro Zone Wages in euro zone (YoY) (Q3) released yesterday at 10:00 UTC with a figure of 2.1, while the previous figure was 3.2.
At the same time, GBP/JPY tumbles 3.43% to trade around 160.5. USD/JPY is down 453 pips from the beginning of the session and now trades around 132.33. After ending yesterday's session at 145.16, EUR/JPY lost 478 pips and is trading around 140.38.
Also worthy of note, Germany GfK Consumer Climate (Jan) will be released tomorrow at 07:00 UTC.
The currency pair has been trending positively for about a month. Having set a significant low of 1.4289 3 months ago, Euro-Aussie dollar is trading 10.79% higher.