EUR/AUD recovering almost all the way back to 1.564 today, after dipping down to 1.5597.
Australia's GDP new data released of 0.6 below its previous figure.
Highly important GDP data from Australia beat analyst expectations of 0.7 with a reading of 0.6.
While price action maintains a negative bias, Australia Interest Rate released yesterday at 03:30 UTC with a figure of 3.1, while the previous figure was 2.85. Australia GDP released earlier showed a marked improvement to 5.9% from the preceding data of 3.2%, but fell short of the 6.2% figure forecast by a consensus of market analysts.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: USD/JPY gained 0.27% and is currently trading at 137.33. EUR/JPY ascends 0.27% to trade around 143.74. GBP/JPY is up 0.27%.
Furthermore, Euro Zone ECB President Lagarde speech will be released tomorrow at 12:00 UTC. As things stand, upcoming Germany Industrial Production data is projected to fall short of market expectations with newly published data of -0.6%, following on from the preceding figure of 0.6%. New data is set to be published today at 07:00 UTC. Australia Trade Balance (Oct) is expected tomorrow at 00:30 UTC.
After setting a supportive marker at 1.4289 around 3 months ago, Euro-Aussie dollar is now trading 9.46% higher.