FX News

AUD/EUR Transfer:

Early week shakes in the Euro (EUR), Australian Dollar (AUD) were replaced by a round of risk on flow, the Aussie clawing back early losses to reach 0.6485 (1.5420) overnight. German Manufacturing wasn’t so Euro supportive showing a significant downturn in the Eurozone economy with the steepest output loss since late 2013. Australian CPI for the September quarter came in at 1.8% up from the predicted 1.6% and snowballing the year-on-year figure from 6.1% to a whopping 7.3%. CPI is now forecast to peak at around 7.5% late this year before dropping in 2023.

Current Level: 0.6433 (1.5544)
Resistance: 0.6515 (1.5700)
Support: 0.6382 (0.6485)
Last Weeks Range: 0.6382-0.6485 (1.5418-1.5668)

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