Australian Economy Set to Take a Few Years to Recover

Australian Dollar falls against Euro After Unemployment Ticks Higher

The AUD v EUR exchange rate managed to get the rally it was pushing for in recent sessions as the market traded through the 1.9200 level and rallied 0.8% to trade above 1.9300. Economic releases from the Eurozone mixed with a small tick higher in Australian unemployment was enough to see the euro currency continue its climb off of the recent lows near 1.6050. Unemployment Numbers Not Ideal for the RBA The Bank of Australia (RBA) has been vocal lately in stating that further economic stimulus would...
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

A Quiet Day for the Euro Against the Australian Dollar as Traders Await Employment...

The EUR v AUD exchange rate was trading 0.15% higher on the day as the market continues its efforts to bounce from a recent slump. The EUR v AUD was pressing the 1.6160 level in afternoon trading as markets await another key job market release from the Aussie economy tomorrow. Will Employment Numbers Change the EUR to AUD Forecast? The latest update on Australian employment is important for markets as the Reserve Bank of Australia (RBA) has been vocal lately in stating that further economic stimulus...
AUD to EUR Rate: Reserve Bank of Australia Promises Huge Monetary Stimulus Package to Support Australian Economy

Euro Edges Higher Against the Aussie but the Downtrend May Continue

The EUR v AUD exchange rate yesterday was trading 0.11% higher. The market had rallied as high as 1.6230 but failed to hang on to the gains. The pair bounced off the high from Thursday and a failure to get above that level could see the recent downtrend continue for the euro. Eurozone ZEW Sentiment Survey Disappoints The Eurozone’s ZEW Economic Sentiment Survey slipped again in February after two months of gains. December saw a figure of 11, with January improving to 25.6, so traders were...
Australian Economy Set to Take a Few Years to Recover

Euro Versus Australian Dollar Exchange Rate Pauses After Recent Losses

The EUR v AUD exchange rate was trading flat around the 1.6130 level on Monday as traders paused to consider the outlook for the exchange rate. Despite rallying to trade at the 1.6600 level just over a week ago, Australian dollar strength resumed with a 2.8% gain in the Aussie dollar. The market now awaits two potentially market-moving events tomorrow. Markets Await RBA Minutes and ZEW Report on Tuesday The euro and Australian dollar exchange rate saw lower volatility on Monday as traders await the minutes...