Monday, July 5th, 2010

Forex: EUR/AUD rally loses steam, settles around 1.4800

Forex: EUR/AUD rally loses steam, settles around 1.4800
FXstreet.com (Córdoba) – Currencies tied to commodities are facing important losses against the Euro. EUR/AUD extended to the upside on Thursday and rose almost 300 pips to post a fresh 5-week high at 1.4928. The pair closed the day 2.05% above its opening price and has accumulated gains for almost 700 pips this week.

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