After closing at 1.5412 yesterday, EUR/AUD began today at 1.541 with significant bullish sentiment driving EUR/AUD's price action higher. So far today, price action has drawn out a distinct 1.54 to 1.5453 range.
At the same time, Euro Zone Deposit Facility Rate (Feb) came out at 2.5, while a consensus of analysts was expecting 2.5. Euro Zone Interest Rate released yesterday at 13:15 UTC with a figure of three, while the previous figure was 2.5. Euro Zone ECB Marginal Lending Facility released yesterday at 13:15 UTC with a figure of 3.25, while the previous figure was 2.75.
Elsewhere, other currency pairs are also gaining ground as USD/CHF is up 0.12%. USD/SGD is up 0.1%.
While Euro-Aussie dollar is up today, these currencies are lagging behind: EUR/JPY is down to 140.08, losing 22 pips, after closing at 140.31 in the preceding trading session.
Furthermore, the market is looking at Italy Services PMI figure is projected at 51. It previously stood at 49.9; data will be released today at 08:45 UTC. Euro Zone Composite PMI figure is projected at 50.2. It previously stood at 49.3; data will be released today at 09:00 UTC. Australia Home Loans (MoM) is scheduled for today at 12:30 UTC.
Trading mostly sideways for a month. The current year has not been the best for Euro-Aussie dollar as it lost 1.68% from its highest point of 1.6175.