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.
by Rich Dvorak
Euro Rate Outlook: PMI Data Eyed by EUR/USD, EUR/GBP, EUR/JPY
The Euro could be at risk judging by the rise in overnight implied volatility measures ahead of Eurozone PMI data slated for release during early Thursday trade.
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by Rich Dvorak
Australian Dollar Price Action Eyes August RBA Minutes
Weekly Euro Forecast: Euro Outlook Turns Volatile as ECB Weighs Rate Cut
Weekly Euro Forecast: Euro Outlook Turns Volatile as ECB Weighs Rate Cut
by Rich Dvorak
Euro Price at Risk as Implied Volatility Spikes Ahead of ECB
