As a cross pair, the EUR/AUD represents the Euro against the Aussie dollar. It was hard hit by the European debt crises, but has shown recent recovery. Although both of these currencies themselves are major currencies, this particular cross is still considered a minor one, even though it’s also on the top 6 list of frequently traded crosses. Although the Euro is used across the spectrum, the Aussie dollar is widely considered a "commodity" currency, linked to the country’s heavy gold exports.
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Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.