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

The AUD finally sees a bounce against the EURO.

Written by Sam Coxhead on October 12th, 2012.      0 comments

4:17 PM (NZT) The Australian dollar has seen strong demand against the EURO this week. It has been a sharp reversal of the fortunes since starting at low levels not seen for over four months. The bounce has seen momentum wane at the crucial .8000 (1.2500) AUD resistance level, and this will remain the target of any further AUD appreciation in the short term. We may potentially see the pair settle into a new range between .7800 - .8000 (1.2500 – 1.2820) following the stronger than expected Australian employment numbers. Next week sees the RBA monetary policy meeting minutes and Chinese GDP on Thursday as a focus. All the time while the expectation of a Spanish approach for funding assistance bubbles away in the background.
 
The current interbank midrate is:                                               AUEUR  .7938                    EURAUD  1.2597                                                                                    
 
The interbank range so far this week to date has been:   AUDEUR .7792 – .7993   EURAUD 1.2511 – 1.2834
Topics: AUD EUR
 

Comments