AUD to EUR Rate: Australian Dollar Edges Over the Euro as Poor Eurozone Economic Sentiment Weighs on the Single Currency

AUD/EUR Exchange Rate: Australian Dollar Pulls Back Against the Euro

This morning we have seen the Australian dollar strengthen against the euro and has reached a high of 0.5601 on the interbank exchange rate, up over 1% on the day. This is still a long way of the higher levels we saw back in February this year where the Australian dollar to euro interbank exchange rate was over 0.6. US Fiscal Stimulus Creating Optimism Optimism was seen in the markets as reports emerged that the US Congress had reached an agreement on a $2 trillion emergency...
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

Australian Dollar to Euro Rate: AUD Continues to Lose Value Against the Euro

The Australian dollar continues to lose value against Europe’s single currency, as Covid-19 continues to take centre stage in the currency markets. With the AUD status as a commodity currency it is always at risk to big sell-offs by investors as they move to more safe haven currencies like the euro during times of uncertainty. In the past month the Aussie dollar has lost over 10% value against the Euro, as the spread of the corona virus forces the world into total lock down,...
AUDEUR exchange rate dips to levels not seen since late 2009

AUDEUR exchange rate dips to levels not seen since late 2009

As the impact of Coronavirus continues to increase within Australia there remains concern that this commodity based economy will feel a sharp impact from the global slowdown that the virus is already causing - and on the back of devastating bush fires experienced at the turn of the year. This caused the Australian dollar to fall close to the 50p mark against the single currency at .5051 at its low, territory we have not seen since the 2008 financial crisis. Tuesday's release of minutes from...
AUD to EUR Rate: Could the Australian Dollar Strengthen on China's Coronavirus Recovery?

Australian Dollar to Euro Forecast: AUD Boosted by Employment figures Against the European Currency

The AUD v EUR exchange rate finally saw some strength after a recent downtrend that has lasted almost nine days. The AUD to EUR pair was up 0.5% in the European session and trading at 0.5320. Employment Figures Are Positive but Hide Virus Impact The Aussie currency got a boost as headline employment figures showed a rise of 26k jobs versus 6.5K expected, whilst the unemployment rate dipped to 5.1%. At this level the participation rate was the highest in 20 years. Despite these numbers, traders...
AUD to EUR Rate: Australian Dollar Edges Over the Euro as Poor Eurozone Economic Sentiment Weighs on the Single Currency

Australian Dollar Continues to Drop Versus the European Currency

The AUD v EUR exchange rate continued to move lower, and the pair was trading at 0.5400 in the European session. The AUD to EUR pair was down another 1% as the ongoing weakness in the Australian currency continued. Markets Are Still Hesitant Over Virus Fears Global stock markets have been mixed at the start of the week as traders try to predict the low in stock markets. The US stock indices were up to 4% lower on Tuesday and the Australian share index was close...
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

AUD to EUR Rate: Australian Dollar Flat Against the Euro as Other Bloc States...

The AUD v EUR exchange rate was almost unchanged at the beginning of the European session as traders take time to consider the effects of a growing shutdown in key European economies. The currency pair was trading at 0.5465 and if the Aussie can find buyers here then the 0.5500 could provide a base for future support. France Moves to a Curfew on Citizens France has banned all public gatherings in the city and enforced a total lockdown, with one shopping trip per day...
AUD to EUR Rate: Could the Australian Dollar Strengthen on China's Coronavirus Recovery?

Australian Dollar Falls Against the Euro as Investors React Badly to Central Bank Moves

The AUD v EUR exchange rate was trading lower again with a drop of 1% despite further action by central banks to calm markets. The AUD to EUR pair was trading at 0.5500 as the market continues its recent trend of Australian currency weakness. Central bank stimulus measures fail to boost markets Global markets were lower on Monday despite unprecedented actions by central banks to calm traders’ nerves. The New Zealand central bank cut interest rates by 0.75% to a record low and the US Federal...
AUD to GBP Rate: Australian Dollar Strengthens After Further Stimulus Promised by the Federal Reserve

Australian Dollar Continues its Downward Path Against the Euro as Markets Try to Shake...

The AUD v EUR exchange rate was trading lower again with a drop of over 1.50% for the second-consecutive day. The European Central Bank’s decision to leave rates unchanged has been a catalyst for further gains in the European single currency. The AUD to EUR pair was trading at 0.5550 and the Australian currency has been under pressure since the Coronavirus outbreak began. Euro Strength Continues to Ignore Virus Spread Traders are continuing to ignore the potential implications of the virus spread in Europe. Australia’s...
AUD to EUR Rate: Australian Dollar Edges Over the Euro as Poor Eurozone Economic Sentiment Weighs on the Single Currency

Australian Dollar Higher Against the Euro as Markets Await Central Bank Meeting

The AUD v EUR exchange rate was trading over 0.30% higher in the European session as traders await the key European Central Bank meeting tomorrow. The Aussie dollar to Euro pair was trading above 0.5760 and volatility will likely be low until the ECB delivers clarity tomorrow on their plans to support the economy. Despite analysts expecting no cut in rates, the ECB will be under pressure to act after the UK cut interest rates by 0.50% in an emergency move earlier today. Lagarde warns of...
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

Australian Dollar Weaker After Eurozone Growth Figures Give the Euro Currency a Boost

The AUD v EUR exchange rate was over 0.30% lower in the European session as traders continued to push the Euro currency higher. The Aussie to Euro pair was trading at 0.5720 after Eurozone growth figures were more positive than expected for the fourth quarter. Further pressure on the Australian dollar was yesterday’s sell-off in commodities after a crash in the oil price or around 20% after OPEC failed to agree on new production cuts. Eurozone growth higher as traders await ECB meeting Eurozone growth figures for...