The ECB meets again to once again decide interest rate/monetary policy for the Eurozone, this coming week. They may well go ahead and make a further rate cut, as stimulus, and because of the positive reaction to the last rate cut. Inflation remains subdued, following the easing in monetary policy, while the EUR actually rallied. The cross may suffer some downside this time around.
The current interbank midrate is: AUDEUR .6065 EURAUD 1.6485
The interbank range this week has been: AUDEUR .6050 – .6145 EURAUD 1.6290 – 1.6520