Back
20 May 2014
AUD and EUR trading at lows - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes fundamentals surrounding the EUR and AUD trading at their lows.
Key Quotes:
"The Euro is trading at three day lows, partly in response to comments by the ECB's Nowotny dampening the sense that a negative deposit rate is a done deal”.
“The Australian dollar is at two week lows following S&P's warning of the fiscal risks to the country's AAA rating. The RBA minutes offered a downbeat growth message and helped push the Aussie to $0.9260, where it was finding bids."
Key Quotes:
"The Euro is trading at three day lows, partly in response to comments by the ECB's Nowotny dampening the sense that a negative deposit rate is a done deal”.
“The Australian dollar is at two week lows following S&P's warning of the fiscal risks to the country's AAA rating. The RBA minutes offered a downbeat growth message and helped push the Aussie to $0.9260, where it was finding bids."