Free Trial

EUR/AUD Testing A$1.5000

FOREX

EUR/AUD continues its foray lower, with the AUD continuing to benefit from the wider commodity price rally derived from the Russia-Ukraine conflict, while the Euro falls afoul of the conflict owing to surging energy costs and the proximity to its borders, both of which threaten economic activity within the single-currency zone.

  • EUR/AUD is on track to lodge its 11 consecutive daily loss and has cratered to the lowest levels observed since ‘17. A$1.5000 is being tested as we type, with little in the way of meaningful support below there until the 21 Sep ’17 low (A$1.4794).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.