Eur aud news today

Here are the latest news and updates on the EUR/AUD currency pair:

Current Rate: 1 EUR = 1.63 AUD

News and Updates:

  1. European Central Bank (ECB) Meeting: The ECB is set to hold its monetary policy meeting today, with market expectations pointing to a rate hike. This could impact the EUR/AUD pair, as a rate hike could strengthen the euro.
  2. Australian Jobs Report: The Australian Bureau of Statistics (ABS) is set to release the country's jobs report for February. A strong report could boost the Australian dollar, while a weak report could weigh on the currency.
  3. German Inflation Data: Germany's inflation rate for February is expected to be released today. A higher-than-expected inflation rate could lead to a stronger euro.
  4. Eurozone GDP Growth: The eurozone's GDP growth rate for the fourth quarter of 2022 is expected to be released today. A strong growth rate could support the euro.
  5. Australian Retail Sales: The ABS is also set to release Australia's retail sales data for January. A strong report could boost consumer spending and support the Australian dollar.

Technical Analysis:

The EUR/AUD pair is currently trading within a range of 1.62-1.65. A break above the upper end of this range could signal a move towards 1.68, while a break below the lower end could lead to a move towards 1.60.

Market Sentiment:

The EUR/AUD pair is currently trading with a bearish bias, with the Australian dollar strengthening against the euro in recent days. However, the pair is still within a relatively narrow range, and a break above or below this range could lead to a more significant move.

Economic Calendar:

Please note that the above information is subject to change and may not reflect the current market situation. It's always a good idea to stay up-to-date with the latest news and market developments before making any trading decisions.