So far in Q3, the Aussie’s performance has been quite mixed, with the euro among the G10 currencies gaining on A$. The EUR/AUD pair is trading near 1.65 and economists at Westpac forecast the cross at 1.67 by September. Key quotes “Euro outperformance appears to be at least partly inspired by the July agreement on the EU Recovery Fund, with the ‘frugal’ minority willing to compromise with the majority who notably were led by Germany. The EU is keen to talk up the scale of the fiscal support compared to the US and China, though ratification will take months.” “Europe’s Covid-19 trends are mostly encouraging, allowing for some resumption of travel. Australia’s economic recovery, in contrast, will be slowed notably by the Victorian virus resurgence and resultant Stage 4 restrictions.” “We assume that the optimism over European cooperation persists for now, leaving EUR/AUD trending towards 1.67 by September, but with the Aussie then grinding higher in Q4 and in 2021.” 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 Silver Price Analysis: XAG/USD’s rebound stalls at critical resistance near $26.50 FX Street 2 years So far in Q3, the Aussie’s performance has been quite mixed, with the euro among the G10 currencies gaining on A$. The EUR/AUD pair is trading near 1.65 and economists at Westpac forecast the cross at 1.67 by September. Key quotes “Euro outperformance appears to be at least partly inspired by the July agreement on the EU Recovery Fund, with the ‘frugal’ minority willing to compromise with the majority who notably were led by Germany. The EU is keen to talk up the scale of the fiscal support compared to the US and China, though ratification will take months.” “Europe’s… 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.
