DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic

FX News

Most recent FX News:

Read more

Ongoing Euro-zone debt issues push global growth outlook lower, the AUD EUR pair.

Written by Sam Coxhead on September 30th, 2011.      0 comments

4:05 PM (NZT) The AUD started the week with a little fight back against the EURO and the heightened risk aversion from the end of last week eased a little. This did not last long and since reaching the high at .7329 (low 1.3650) the risk aversion has won the battle in the general market and this has seen the AUD under further pressure. The lack on domestic Australian data meant that almost entirely the lead has come from this general market sentiment. Next week we return to a more domestic focus, and the focus will be on the RBA monetary policy announcement on Tuesday. In Europe, the tensions remain going and expect this to continue for some time yet, as the issues are complex and difficult to solve quickly. The longer the uncertainty continues in Europe, the lower the global growth profile will be and the more the AUD will naturally come under pressure.
 
The current interbank price is:      .7199  (1.3891)
                                                             
The interbank range on the week to date has been:     .7157/.7329 (1.3650/1.3972)
 

Comments