Sorry old chap. Had my head in EUR/CAD today.... EUR/AUD position has more to do with commodity prices and Australia reeling in interest rates and showing slowest quarter growth for 8 years. However, Aussie still shows a little growth, unlike the negative results overall in the OECD block.
Its taking a major kicking with the carry trades stampeding for the exit from July.
Economic Fundamentals and the markets reaction thereto set prices.
Its taking a major kicking with the carry trades stampeding for the exit from July.
Economic Fundamentals and the markets reaction thereto set prices.