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12 Feb 2014
Flash: EUR/AUD to target 1.47/1.48 in one month - Westpac
FXStreet (Bali) - According to Sean Callow, FX Strategist at Westpac, EUR/AUD should continue to trade under pressure.
Key Quotes
"We see AUD outperforming EUR multi-week and multi-month, with the RBA increasingly confident about its policy stance into H2 14 while pressure gradually builds on the ECB to take further action. We target the EUR/AUD 1.47-1.48 area over the next month."
Key Quotes
"We see AUD outperforming EUR multi-week and multi-month, with the RBA increasingly confident about its policy stance into H2 14 while pressure gradually builds on the ECB to take further action. We target the EUR/AUD 1.47-1.48 area over the next month."