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25 Feb 2014

EUR/AUD rejected from 1.5350, retreats to 1.5180

FXStreet (Córdoba) - The EUR/AUD dropped more than a hundred pips on Monday and finished below 1.5200, posting the lowest daily close in a week; in Asia managed to rise back above.

EUR/AUD reverses sharply

A stronger Aussie and a weak Euro pushed the EUR/AUD sharply to the downside during the American session. At the beginning of the week the pair rose to 1.5365 reaching a 2-day but reversed sharply and fell quickly more than a hundred pips bottoming at 1.5181, the lowest price since February 18.

Early in Asia the pair is recovering ground trading at 1.5208, up 0.03% from today’s opening price.

Feb 25, 2014

Flash: Bias remains to sell the AUD - RBS

Greg Gibbs, FX Strategist at RBS, offers his view on the AUD, noting the surprising resilience despite weak property and commodity indicators in China.

PBOC sets USD/CNY reference rate at 6.1184 vs 6.0984 last close

PBOC sets USD/CNY reference rate at 6.1184 vs 6.0984 last close. The decision has taken the Australian Dollar to retest 0.9040 vs USD.