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
Archive

FX News

Most recent FX News:

Read more

The AUD loses a little more ground to the EURO, will it go further?

Written by Sam Coxhead on November 18th, 2011.      0 comments

4:10 PM (NZT) The AUD saw some initial grinding appreciation against the EUR this week. This positive start came after the Italian parliament passed the required 2012 austerity budget last weekend. The positive sentiment did not last unfortunately. As the pressure again came onto the bond markets for Italian and Spanish debt, the AUD came under pressure as the global risk aversion increased. At current levels the pairing remains close to the lows of the AUD for the week, and also to crucial support levels for the AUD against the EUR. If the pressure remains on the Spanish and Italian debt markets, expect the pressure to push the AUD down through these support levels. The one certain thins is that the volatility will continue into 2012 as the funding pressures are unlikely to ease quickly in Europe.
 
The current interbank midrate is:                                                            AUDEUR .7420                                          EURAUD 1.3477
                                                               
The interbank range so far this week to date has been:                 AUDEUR .7406 - .7526                            EURAUD 1.3287 – 1.3503
 

Comments