EUR/AUD

EUR/AUD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Australian Dollar.

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Australian Dollar, issued in Australia, holds a notable share of the foreign exchange market.

According to the 2022 BIS Triennial Central Bank Survey, it is the sixth most traded currency globally. Australia is perceived to have strong economic ties with China, and the Australian Dollar may experience fluctuations in response to Chinese economic indicators and related factors. The EUR/AUD currency pair will be influenced by the differences in the Eurozone and Australian economies, and also the economic relationship that Australia has with China.