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EURAUD test high of the session

AUSSIE

EURAUD test high of the session and up 0.55% so far.

  • Overnight, Westpac said they now expect the RBA to deliver cuts across the cash rate, 3-year yield target and new drawdowns of its TFF to 0.10%from 0.25% as soon as in Oct, has kept the currency on the backfoot across the board.
  • AUD is still leading losses against the USD in G10, down 0.74%.
  • Next resistance in EURAUD comes at 1.6521, and further out, the 200d is situated today at MA at 1.6609

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