EUR to AUD pair trading
An option that proves popular on the global foreign exchange market, the EUR to AUD pair is a forex pair that provides traders with the opportunity to make some meaningful profits. First introduced in 2002 as the single currency for 11 countries in the European Union, the Euro has grown over the intervening years and is now used in 19 of the 28 EU member nations, while the Australian dollar came into circulation in 1966 to replace the Australian pound.
The EU and Australia signed a Framework Agreement in August 2017, designed with “enhancing cooperation to tackle challenges in foreign and security policy, sustainable development, climate change and economic and trade matters.”
Both the Euro and the Australian dollar frequently feature in the forex market – both were listed in the top 10 most traded currencies in 2018.
EUR to AUD news
Any traders keeping an eye on the EUR to AUD rate may wish to take into account any fluctuations in the price of gold, with Australia representing the planet’s third largest producer of the precious metal.
The EUR to AUD pair represents less than 1% of all forex trades, while Australia’s close trading partnership with neighbours New Zealand can have an impact on the AUD and is therefore worth monitoring for anyone keeping abreast of EUR to AUD news.
The EUR to AUD rate will also be affected by a number of other factors including interest rates and the commodities market, among other elements, which should all be taken into account by any potential traders.
EUR to AUD chart
Our EUR to AUD chart offers you the chance to track the performance of this particular forex trading pair in real time. Not only that, but any current or future traders will be able to monitor the EUR to AUD pair’s movement across the past month, week, day or even hour, which can provide potentially crucial insights into spotting any trends that can be taken advantage of. However, this data must not be considered as a guarantee or prediction of any future performance of the EUR to AUD rate.