After closing at 1.5432 Friday, EUR/AUD began today at 1.5432 with significant bullish sentiment driving EUR/AUD's price action higher. So far today, price action has drawn out a distinct 1.5403 to 1.5497 range.
Euro-Aussie dollar is currently trading at 1.5469 following the release of ECB President Lagarde speech data from the Euro Zone.
At the same time, data for Germany Industrial Production published today at 07:00 UTC came out at 0.6%, beating projections of 0.2% and showing improvement over the preceding figure of -1.2%.
A look at other currencies also shows bullish price action as GBP/USD surges 1.26% to trade around 1.1456. GBP/CAD gained 1.03% and is currently trading at 1.5471. GBP/NZD gained 0.75% and is now trading at 1.9364.
Also worthy of note, Euro Zone Retail Sales is projected to outperform its last figure with 0.3%. It previously stood at -0.3%; data will be released tomorrow at 10:00 UTC. France Non-Farm Payrolls (QoQ) (Q3) is scheduled for tomorrow at 07:45 UTC. Australia NAB Business Confidence (Oct) scheduled to come out tomorrow at 00:30 UTC.
After setting a supportive marker at 1.4289 around 2 months ago, Euro-Aussie dollar is now trading 8% above this level.