What is EUR AUD FX forecast?

Q&A about EUR to AUD Fx forecast. At Walletinvestor.com we predict future values with technical analysis for wide selection of Forex currency pairs like EUR/AUD. If you are looking for Forex pairs with good return, EURAUD can be a profitable investment option. EUR/AUD rate equal to 1.633 at 2023-12-02 (today's range: 1.378 - 1.634).

Why is the EUR/AUD forecast weak in 2022?

The European Central Bank’s ( ECB) hesitation in hiking interest rates before the July meeting and Europe’s geopolitical woes have resulted in widespread weakness in the euro against nearly all G-10 currencies. In this article we take a look at European and Australian economies and other factors shaping a EUR/AUD forecast for 2022 and beyond.

Why is the Aud rising?

As the AUD is closely tied to global commodity prices and trade sentiments, the current resilience in demand for commodities, especially iron ore from China, is supporting the AUD's appreciation.

What happened to AUD/USD?

The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7263 on Friday, to close the trading week a handful of pips above it. EUR/USD rebounded during the American session and climbed to 1.0715 as the US Dollar retreated, accompanied by lower Treasury yields.