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The AUD remains in familiar range against the EURO.

Written by Sam Coxhead on June 1st, 2012.      0 comments

5:25 PM (NZT)The AUD saw grinding appreciation against the EURO early this week.  The pair then consolidated and has seen mostly sideways price action since. Pivotal next week will be the development towards a banking support solution in Europe and the RBA’s monetary policy decision on Tuesday. The pairing remains in a familiar recent range and will likely remain so ahead of the Greek elections on June 17th, assuming no surprises from the RBA.
 
The current interbank midrate is:                                               AUEUR  .7843                    EURAUD  1.2750                                                                                    
 
The interbank range so far this week to date has been:   AUDEUR .7770 – .7892   EURAUD 1.2671 – 1.2870
Topics: AUD, Euro
 

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