Euro-Aussie dollar is trading around 1.5015, after closing the previous week at 1.5015 (down 0%) .
Trading week at a glance - EUR/AUD is up to 1.5015, after closing yesterday at zero. Overall, a 0% move or 15,014 pips this week. (Start trading Euro-Aussie dollar at FXTM today).
Uptick comes while some more positive signs for Euro-Aussie dollar are out as Australia RBA Interest Rate Decision (Jul) matches expectations with new data release of 1.35. This is also a step forward from the previous data of 0.85.
On the flip side, Euro Zone CPI (YoY) (Jun) comes out at 8.6, better than analyst estimates of 8.4 and improving upon the previous reading of 8.1. Data for Germany Unemployment Change (Jun) released Thursday comes out at 133,000, beating projections of -6,000 and showing improvement over the preceding figure of -4,000.
Meanwhile, Australia Retail Sales (MoM) matches projections with new data release of 0.9. The indicator value is unchanged and is the same as previous data of 0.9. Germany 10-Year Bund Auction is released with a new figure of 1.22, this is down from preceding data of 1.33.
Outlook for rest of the week: Positive Euro-Aussie dollar indicators are expected going forward as Euro Zone ECB President Lagarde speech is scheduled for Friday. Euro Zone ECB Publishes Account of Monetary Policy Meeting scheduled to come out tomorrow at 11:30 AM.
The market is looking forward to the release of new data: Spain's new HICP (YoY) (Jun) data will be available Wednesday. Data is expected to decline to 8.5 from its previous value of 10.