Euro weakness expected ahead of anticipated frail economic data

Will the Australian Dollar Continue its Recovery Against the Euro?

After dropping to its lowest levels against the euro since May 2009 last month, the Australian dollar has since begun to rebound against the euro with the pair currently trading up almost 0.5% on the day at 0.5685. The recovery in the Australian dollar has corresponded with China’s diminishing number of victims from the COVID-19 pandemic, which has been a common them for the value of the Aussie dollar for some months now. When China was the centre of the crisis we saw the Australian...
AUD to EUR Rate: Reserve Bank of Australia Promises Huge Monetary Stimulus Package to Support Australian Economy

AUD to EUR Rate: Reserve Bank of Australia Promises Huge Monetary Stimulus Package to...

The Australian dollar has held its own during last weeks trading against the euro. Towards the start of the coronavirus situation we has seen the Australian dollar take heavy losses against the majority of major currencies. The Australian dollar is not a destination of choice among investors as AUD is considered to be a riskier, commodity based currency. Investors seek out safe haven currencies in times of global economic uncertainty such as the US dollar or Swiss franc. It will be interesting to see...
Euro weakness expected ahead of anticipated frail economic data

AUD to EUR Rate: Australian Dollar Edges Over the Euro as Poor Eurozone Economic...

Having dropped to more than a decade low versus the EUR on 19th March the Australian dollar has been steadily increasing in value and has been consolidating around 0.5550 during today's trading so far. This represents an increase in value for the Australian dollar from its 0.506 lows on the 19th March of almost 10pc versus the euro, a significant improvement in the Aussie's favour. Having seen a significant flight to safety amongst investors over previous weeks the Australian dollar was aggressively sold as markets...
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

The Australian dollar to euro exchange rate continues to swing wildly as the coronavirus continues to hammer the currency markets and dealing a heavy blow to the Australian economy. Rates for AUD to EUR have picked up from yesterday taking levels to 0.55 for the pair. Australian Dollar Stock Markets Tumble The Australian stock market has tumbled sharply to levels seen three years ago and one of the implications is that the value of superannuation retirement pots have fallen in value in too, highlighting that the...
AUD to EUR Rate: Reserve Bank of Australia Promises Huge Monetary Stimulus Package to Support Australian Economy

AUD to EUR Rate: Could the Australian Dollar Strengthen on China’s Coronavirus Recovery?

It is unprecedented times, there is little to draw from little as to how the market will react. What could provide insight is at is where investors are moving their funds in times of global economic uncertainty. Unfortunately, the Australian dollar is not usually the destination of choice in this kind of situation. The Australian dollar is a commodity based currency and is considered a riskier currency in times of uncertainty. The Australian economy has close ties with the Chinese economy and if we...
Euro weakness expected ahead of anticipated frail economic data

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,...
Australian Dollar Forecast – Unemployment Weighs on Sentiment

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: Reserve Bank of Australia Promises Huge Monetary Stimulus Package to Support Australian Economy

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...
Euro weakness expected ahead of anticipated frail economic data

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...