Forex
globalreutersOctober 17, 20241 Mins read
EUR/AUD weakens on combo of ECB rate cut and Aussie employment data
globalreutersOctober 17, 20241 Mins read EUR/AUD falls by almost three-quarters of a percent to the 1.6180s on Thursday after a combination of stronger-than-expected Australian labor market data boosted the Australian Dollar (AUD) whilst the Euro (EUR) depreciated ahead of the European Central Bank’s (ECB) decision to cut interest rates, and remained under pressure as the bank telegraphed a mildly negative economic outlook for the region going forward.
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