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The AUD EUR pair is (relatively) stable this week.

Written by Sam Coxhead on September 14th, 2012.      0 comments

3:58 PM (NZT) This pair has been one of the less volatile pairings we follow this week. Both currencies have benefitted from the positive news for growth assets. The pair has to break through support at .8050 (resistance 1.2420) before the pair can continue its way to more historically average levels. In the coming weekend the EU leaders meeting will be closely followed for news. Next week in Europe we have German economic sentiment numbers followed by Euro-zone manufacturing and services numbers. In Australia the RBA monetary policy meeting minutes will be closely followed ahead of the latest Chinese manufacturing data, also on Wednesday.
 
The current interbank midrate is:                                               AUEUR  .8106                    EURAUD  1.2337                                                                                     
 
The interbank range so far this week to date has been:   AUDEUR .8073 – .8157   EURAUD 1.2259 – 1.2387
Topics: AUD EUR
 

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