EUR/AUD crashes after losing 115 pips, breaking down to 1.5492.
Highly important Business Climate Index data from Germany beat analyst expectations of 83.3 with a reading of 84.3.
While price action maintains a negative bias, Australia Consumer Price Index came out at 1.8, while a consensus of analysts was expecting 1.6. France Jobseekers Total released today at 10:00 UTC with a figure of 2.95 million, while the previous figure was 2.97 million.
In the meantime, negative performances are seen in other pairs, USD/SGD is down 75 pips from the beginning of the session and now trades around 1.4091.
Though Euro-Aussie dollar has been dropping, other pairs have been performing better: GBP/USD gained 0.67% and is currently trading at 1.155. Having closed the previous session at 0.6398, AUD/USD is up 0.97% today to currently trade at around 0.646.
Furthermore, Euro Zone Deposit Facility Rate (Oct) is expected tomorrow at 12:15 UTC. Euro Zone Interest Rate figure is projected at two. It previously stood at 1.25; data will be released tomorrow at 12:15 UTC. Euro Zone ECB Marginal Lending Facility scheduled to come out tomorrow at 12:15 UTC.
The currency pair has been trending positively for about 2 months. As things stand, Euro-Aussie dollar is 9.23% away from a significant low of 1.4289 first set 2 months ago.