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27 Nov 2014
EUR/AUD offered back towards 200dma
FXStreet (Guatemala) - EUR/AUD is trading at 1.4622, down -0.04% on the day, having posted a daily high at 1.4662 and low at 1.4604.
EUR/AUD has dropped back due to the results of the key Private Capital Expenditure results in Australia. The headline figure was +0.2% q/q vs expected -1.9% and the key equipment, plant and machinery” component was a huge +4.4% q/q vs -1.0%.
This brings the cross down by over half a cent on the release and well away from the three month highs territory that was made overnight above 1.4700. This also now puts the 200 dma under threat at 1.4599.
EUR/AUD has dropped back due to the results of the key Private Capital Expenditure results in Australia. The headline figure was +0.2% q/q vs expected -1.9% and the key equipment, plant and machinery” component was a huge +4.4% q/q vs -1.0%.
This brings the cross down by over half a cent on the release and well away from the three month highs territory that was made overnight above 1.4700. This also now puts the 200 dma under threat at 1.4599.