Forex Flash: EUR/AUD may see profit-taking post ECB - NAB
Forex pairs in this Article » EUR/AUD
FXstreet.com (Barcelona) - The AUD/EUR may approach 1.2440 ahead of the ECB's meeting Thursday just to get a corrective downleg afterwards, says NAB FX Strategist Emma Lawson. Current price stays just below 1.2400. "We have advocated a continued move higher in EURAUD; this may stall on any profit-taking after the ECB meeting, but reassert itself once it becomes clearer that the ECB is moving ahead with policy to lower peripheral European yields."