Back
29 Dec 2014
EUR/AUD stable on the 1.50 handle
FXStreet (Guatemala) - EUR/AUD is trading at 1.5002, up 0.03% on the day, having posted a daily high at 1.5012 and low at 1.4987.
EUR/AUD has consolidated the holiday’s drift and lows around the 1.5000 level and remains in a tight range in light trade where else where, the major currencies are little changed. The European markets have been closed and there has been little activity in the EUR/USD, drifting along within the 1.2200-vicinity and heavy with a bid tone around the greenback.
The AUD/USD maintains soft after having established a year low at 0.8087 last week. The pair is on the 0.81 handle with little in the way of news accept for in China. There was a spark that came in the new simulative measures by the PBOC who will reportedly waive reserve requirements on some bank deposits. 1.4980 is key channel support over the holiday season while a break of 1.5120 would offer some upside potential vs the broader bearishness in the price. German retails sales are out later in European opening.
EUR/AUD has consolidated the holiday’s drift and lows around the 1.5000 level and remains in a tight range in light trade where else where, the major currencies are little changed. The European markets have been closed and there has been little activity in the EUR/USD, drifting along within the 1.2200-vicinity and heavy with a bid tone around the greenback.
The AUD/USD maintains soft after having established a year low at 0.8087 last week. The pair is on the 0.81 handle with little in the way of news accept for in China. There was a spark that came in the new simulative measures by the PBOC who will reportedly waive reserve requirements on some bank deposits. 1.4980 is key channel support over the holiday season while a break of 1.5120 would offer some upside potential vs the broader bearishness in the price. German retails sales are out later in European opening.