FX News

AUD/EUR Conversion:

From last week’s low of 0.6495 (1.5400) the Euro (EUR) has been hammered. The Australian Dollar (AUD) extended its run through to 0.6765 (1.4780) early Wednesday, the Eurozone energy crisis having a major effect on the currency breaking down. Overnight the Euro has gained to 0.6715 (1.4890) with equity markets all posting losses affecting risk flows. German and Eurozone economic sentiment reads came in well below expectation as businesses predict tighter economic conditions ahead. Looking ahead we have Aussie job’s data this afternoon with predictions of unemployment clicking lower to 3.8% which may improve the AUD

The current interbank midrate is: AUDEUR 0.6734 EURAUD 1.4850
The interbank range this week has been: AUDEUR 0.6677- 0.6721 EURAUD 1.4878- 1.4975

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