AUD/EURO Transfer
The unexpected strength of the EUR, over the last week, has pushed to cross rate with the AUD back towards 0.5700. Stronger European trade data has allowed the over-performance of the single currency. The spotlight however, will be put back on the lack of a trade agreement, with the US. This may put some downward pressure on the EUR, over the next week, or so.
The current interbank midrate is: AUDEUR .5725 EURAUD 1.7465
The interbank range this week has been: AUDEUR .5705 – .5797 EURAUD 1.7245 – 1.7525
