On March 7, the EUR / AUD currency pair began to show a correction from its recent 15-week high, after being affected by Australia's January trade data and continuing this trend ahead of the release of the results of the European Central Bank's March policy meeting.。

Australia's trade surplus was reported in January from a revised A $12 billion (107 in December)..$400 million) expanded to 110.A $2.7 billion; exports up 1 month-on-month in January.6% to 475.100 million Australian dollars, a new 10-month high, mainly driven by non-monetary gold。Australia's total imports rose 1 month on month in January..3% to 364.A $300 million, mainly supported by non-industrial transport equipment。

Meanwhile, the ECB is expected to keep its key refinancing operations rate unchanged at 4.a 22-year high of 5%, and deposit rates remain at an all-time high of 4%。The ECB's press conference will be closely watched for clues on the timing of the first rate cut。

However, despite the recent easing of inflation pressures in the eurozone, ECB officials agreed that it was too early to talk about a rate cut.。Markets expect the ECB to cut interest rates by about 90 basis points this year, and monetary easing is expected to begin in June.。

The euro / Australian dollar pair was down 0 as of 8: 53 GMT on Thursday.43%, reported 1.6527。

Earlier this week, the forex pair rose to 1..The high of 6744, which is since November 20, 2023 (1.6767) the highest level since。