17 Feb 2015
EUR/AUD: Moving up from the lows ahead of RBA minutes
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4614 with a high of 1.4623 and a low of 1.4593.
EUR/AUD is consolidating the drop from 1.4680 and is settled in on between 1.4600/15. The action overnight came from a drop of a cent in the EUR/USD that took the Euro crosses along with it. The meeting between Greek officials and the Eurogroup was the catalyst while there are still no deals on the table and time is running out.
Meanwhile, we are now awaiting the RBA minutes coming up a little later on. Last week, Stevens gave his Statement of Monetary Policy before a very thorough press conference. The markets will be keenly looking for forward guidance in respect of whether there are going to be any further rate cuts immediately or later on this year.
EUR/AUD is consolidating the drop from 1.4680 and is settled in on between 1.4600/15. The action overnight came from a drop of a cent in the EUR/USD that took the Euro crosses along with it. The meeting between Greek officials and the Eurogroup was the catalyst while there are still no deals on the table and time is running out.
Meanwhile, we are now awaiting the RBA minutes coming up a little later on. Last week, Stevens gave his Statement of Monetary Policy before a very thorough press conference. The markets will be keenly looking for forward guidance in respect of whether there are going to be any further rate cuts immediately or later on this year.