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21 Oct 2014
EUR/AUD drops to 1-week lows
FXStreet (Córdoba) - EUR/AUD broke below 1.4515 amid speculations about the European Central Bank buying corporate bonds before December and fell to 1.4458, the lowest level in a week.
Currently trades at 1.4490, down 0.57%% for the day as it continues to retreated after reaching last week at 1.4707, the strongest price in four months.
While the euro weakened significantly across the board after ECB news, the aussie is showing strength amid risk aversion and also after RBA minutes showed no major changes and Chinese economic data came in line with expectations.
Currently trades at 1.4490, down 0.57%% for the day as it continues to retreated after reaching last week at 1.4707, the strongest price in four months.
While the euro weakened significantly across the board after ECB news, the aussie is showing strength amid risk aversion and also after RBA minutes showed no major changes and Chinese economic data came in line with expectations.