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17 Dec 2013
EUR/AUD retreats from 3-year highs
FXstreet.com (Córdoba) - The EUR/AUD hit fresh 3-year highs during Monday's European session at 1.5441 but it was unable to hold and pulled back. At the beginning of the Asian session the pair remains flat trading barely below 1.5400, 75 pips above the price it finished last week.
In the next hours there will be important data and events from Australia. There will be new information on vehicle sales, the release for the RBA minutes, a speech by Guy Debelle (governor assistant at RBA) and also the mid-year economic and fiscal outlook is due.
Upbeat economic data from Europe helps EUR/AUD
On Monday the Euro rose against the Aussie on the back of the preliminary report of PMI of the Eurozone that beat expectations. The common currency gain momentum in the market but the EUR/AUD failed to rally above 1.5440.
Price action continued to be limited to a short-term range with support at 1.5310 and resistance around 1.5440.
In the next hours there will be important data and events from Australia. There will be new information on vehicle sales, the release for the RBA minutes, a speech by Guy Debelle (governor assistant at RBA) and also the mid-year economic and fiscal outlook is due.
Upbeat economic data from Europe helps EUR/AUD
On Monday the Euro rose against the Aussie on the back of the preliminary report of PMI of the Eurozone that beat expectations. The common currency gain momentum in the market but the EUR/AUD failed to rally above 1.5440.
Price action continued to be limited to a short-term range with support at 1.5310 and resistance around 1.5440.