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 pushes higher against the EURO.

Written by Sam Coxhead on June 29th, 2012.      0 comments

5:35PM (NZT) The AUD saw appreciation against the EURO for the majority of the week as the EU summit approached. The Equity markets saw strong downward pressure in the offshore session yesterday and this saw the AUD give up a good portion of its gains. The subsequent release of the progress made at the summit saw the EURO initially spike higher against the AUD , but those gains have been eroded since, as the AUD demand has also gained momentum. Direction from here is hard to pick in the short term, but it seems likely that the AUD will continue to consolidate at the current historically high levels against the EURO. Expect potentially violent moves in the short term as further details emerge from the summit. The RBA meeting will be a focus next week and this should support the AUD in the approach to the meeting.
 
The current interbank midrate is:                                               AUEUR  .8106                    EURAUD  1.2337                                                                                     
 
The interbank range so far this week to date has been:   AUDEUR .7993 – .8107   EURAUD 1.2335 – 1.2511
 

Comments