Increased European Central Bank (ECB) grumbling about euro rise and rapid QE contrast with more cautious Reserve Bank of Australia (RBA) though a sustained break of 0.6200 could take some effort, according to economists at Westpac. The AUD/EUR pair has been thoroughly rangebound over the past three months, trading mostly 0.6050 to 0.6200. Key quotes “Officials are careful to insist that their concern is the inflation impact of a strong euro rather than trying to help exports. At last week’s meeting, President Lagarde played down EUR concerns but there is little breathing room on the inflation outlook, with ECB forecasting core inflation only at 1.1% by 2022.” “The ECB balance sheet expansion remains rapid – see over, including EUR20 B per month that began pre-pandemic, a EUR120 B program agreed in March and the whopping EUR1350 B pandemic purchase program.” “RBA balance sheet expansion is comparatively muted and the RBA views A$ appreciation as in line with the strength of commodity prices. Our AUD/EUR end-2020 forecast is 0.6200 but near-term we would not be surprised to see a period of trade nearer 0.6250.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY poised to test the 104.18 low set last July FX Street 2 years Increased European Central Bank (ECB) grumbling about euro rise and rapid QE contrast with more cautious Reserve Bank of Australia (RBA) though a sustained break of 0.6200 could take some effort, according to economists at Westpac. The AUD/EUR pair has been thoroughly rangebound over the past three months, trading mostly 0.6050 to 0.6200. Key quotes “Officials are careful to insist that their concern is the inflation impact of a strong euro rather than trying to help exports. At last week’s meeting, President Lagarde played down EUR concerns but there is little breathing room on the inflation outlook, with ECB forecasting… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.