11 Feb 2015
EUR/AUD: Risks ahead in Europe and Australia today
FXStreet (Guatemala) - EUR/AUD is currently trading at 1.4659 with a high of 1.4680 and a low of 1.4535.
EUR/AUD is bracing itself for the aftermath of the Eurogroup talks in Brussels that started at 16.30 GMT today and statement that will be released at 19.00 GMT. Although the euro has been offered in Europe, dropping below the 1.13 handle after a better day yesterday on Greece-chatter for a positive outcome of today's Eurogroup meeting, EUR/AUD has held up well and has been better bid having rallied from 1.4420 at the start of the week and up 260 pips since then.
In respect of data, Australia releases its unemployment and employment change numbers in early Asia tonight but before then, we await the outcome of the Eurogroup and financial ministers of the EZ meeting over Greece's government's 10-point plan to replace 30% of its bailout deal.
EUR/AUD is bracing itself for the aftermath of the Eurogroup talks in Brussels that started at 16.30 GMT today and statement that will be released at 19.00 GMT. Although the euro has been offered in Europe, dropping below the 1.13 handle after a better day yesterday on Greece-chatter for a positive outcome of today's Eurogroup meeting, EUR/AUD has held up well and has been better bid having rallied from 1.4420 at the start of the week and up 260 pips since then.
In respect of data, Australia releases its unemployment and employment change numbers in early Asia tonight but before then, we await the outcome of the Eurogroup and financial ministers of the EZ meeting over Greece's government's 10-point plan to replace 30% of its bailout deal.