EURAUD chart by TradingView

EUR/AUD

This is the Forex quote for the Euro versus the Australian Dollar. In this quote, the value of one Euro ('base currency') is quoted in terms of the Australian Dollar ('counter currency'). EUR/AUD reached its lows in the midst of the European sovereign debt crisis in 2012, when it hit A$1.1619. Since mid-July 2012, the pair has recovered mainly due to the European Central Bank's policy of Outright Monetary Transactions (OMT), the 'whatever it takes' measure that ECB President Draghi threatened in August 2012.


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Preview for ECB Rate Decision and Outlook for EUR-crosses

With the ECB set to keep rates unchanged traders should be focusing on President Mario Draghi’s press conference for clues as to what the central bank will do next.
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Ilya Spivak   

Sr. Currency Strategist

My Picks: Short at 1.4931
Expertise: Global macro
Average Time Frame of Trades: 1 - 6 months


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