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EUR / AUD (Euro / Australian Dollar)

How can You trade the EUR/AUD?

The EUR/GBP is a cross pairing, featuring two of the largest currencies in the world.

Because of the physical and economic similarities between the two economies, as well as their mutual interdependence, this is one of the least volatile currency pairings in the markets.

It is, however, very sensitive to changes in policy, which was proven with the Brexit announcement.

What factors influence the EUR/AUD?

When trading the euro against the Australian dollar, traders will need to consider the factors that affect the volatility of this currency pair. First and foremost, this pair is mostly affected by the monetary policy set by the European Central Bank.

 

Australian financial reports such as employment reports and interest rate decisions in both countries have the power to cause this pair to rise or fall. Closely follow and monitor any relevant economic events by setting notifications on your personal economic calendar.

What to consider when trading the EUR/AUD?

  • The EUR/GBP is a cross pairing, featuring two of the largest currencies in the world.
  • Because of the physical and economic similarities between the two economies, as well as their mutual interdependence, this is one of the least volatile currency pairings in the markets.
  • It is, however, very sensitive to changes in policy, which was proven with the Brexit announcement.

Did you know?

The EUR/GBP is a cross pairing, featuring two of the largest currencies in the world.

Because of the physical and economic similarities between the two economies, as well as their mutual interdependence, this is one of the least volatile currency pairings in the markets.

It is, however, very sensitive to changes in policy, which was proven with the Brexit announcement.