The Euro to Australian Dollar (EUR/AUD) exchange rate edged is trending within a narrow range on Friday morning.
After the European Central Bank opted to loosen monetary policy in order to combat deflation in the Eurozone, the shared currency slumped across the board. Friday has seen the decline extended versus many of its major peers.
In the initial aftermath of the ECB decision, the ‘Aussie’ (AUD) gained thanks to demand for gold amidst risk-averse trading. However, anxieties that the policy easing from Canada and Europe will provoke a devaluation battle have amplified cautious trade. The Reserve Bank of Australia is thought to be the most likely candidate to follow the easing trend at their next policy meeting.
The Euro to Australian Dollar (EUR/AUD) exchange rate is currently trending in the region of 1.4164.
Read more Click here / www.trad4x.net
After the European Central Bank opted to loosen monetary policy in order to combat deflation in the Eurozone, the shared currency slumped across the board. Friday has seen the decline extended versus many of its major peers.
In the initial aftermath of the ECB decision, the ‘Aussie’ (AUD) gained thanks to demand for gold amidst risk-averse trading. However, anxieties that the policy easing from Canada and Europe will provoke a devaluation battle have amplified cautious trade. The Reserve Bank of Australia is thought to be the most likely candidate to follow the easing trend at their next policy meeting.
The Euro to Australian Dollar (EUR/AUD) exchange rate is currently trending in the region of 1.4164.
Read more Click here / www.trad4x.net
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