EUR/AUD reached 1.6042, breaking a 1 year record. Later, it lost 22 pips and is now trading at 1.6019.
Uptick comes while some more positive signs for Euro-Aussie dollar are out as highly important Retail Sales data from Australia beat analyst expectations of 1.9% with a reading of 1.9%.
At the same time, Australia Interest Rate came out at 3.6, while a consensus of analysts was expecting 3.6. Germany Factory Orders released today at 07:00 UTC is better than expected at 1% but down from preceding data of 3.4% according to new data.
A look at other currencies also shows bullish price action as USD/CHF is up 1.1%.
While Euro-Aussie dollar is up today, these currencies are lagging behind: AUD/USD closed at 0.6595 (down 2.08%). GBP/USD crashes 1.5% to trade around 1.1846.
Elsewhere, Euro Zone ECB President Lagarde speech is scheduled tomorrow at 10:00 UTC. Germany Retail Sales is projected to outperform its last figure with 2.4%. It previously stood at -5.3%; data will be released tomorrow at 07:00 UTC. Germany Industrial Production is projected to outperform its last figure with 1.4%, having previously been at -3.1%. The figure will be published tomorrow at 07:00 UTC. Tomorrow at 10:00 UTC data for Euro Zone GDP will be released, with an expected decline to 1.9% from the preceding figure of 2.3%.
Having set a significant low of 1.4289 6 months ago, Euro-Aussie dollar is trading 11.08% higher.