by Wed, 09 Jun 2010 00:14:00 +0200
Forex: EUR/AUD downside rally limited by 1.4425
FXstreet.com (Córdoba) - The Australian dollar continued to strengthen on Tuesday and against the Euro extended a rally that led EUR/AUD to close more than 240 pips lower.
The pair recently reached a fresh 2-day low at 1.4423 at the end of the NY session, but it is staging a small bounce from that level and currently around the 1.4480/90 zone, 0.16% above its Asian opening price.
Against the Canadian dollar, the hegemonic currency lost over 100 pips yesterday, and reached the lowest price since October 2000 at 1.2511. EUR/CAD is currently settling close to daily lows at 1.2530.
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