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

Whats moved the AUD against the EUR this week?

Written by Sam Coxhead on September 8th, 2011.      0 comments

5:46 PM (NZT) Interbank range so far this week : .7422   .7569    Current interbank rate: .7532
The AUD/EUR was relatively stable to start the week. Since then the Reserve Bank of Australia backed its recent “wait and see” rhetoric in its statement accompanying its unchanged cash rate announcement. Then came the better than expected Australia GDP numbers, and the German Constitutional Court decision allowing further bailout funds to be lent by Germany to the bailout nations, and with these the AUD started tom outperform. Today’s worse than expected Australian employment numbers have halted the AUD momentum. Now the focus moves to the European Central Bank (ECB) announcement of monetary policy later on this evening. Expect no change from the ECB at this announcement, but with the G7 meeting this weekend, anything could eventuate. Expect .7450 support to hold in the medium term , and .7575 resistance to cap efforts to the topside initially.
 

Comments