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Forex: EUR/AUD bounces to 1.2869/72

FXstreet.com (Barcelona) - The EUR/AUD found itself bouncing off the 1.2840 level following the EMU interest rate decision Thursday. The cross subsequently rallied over 30 pips to trade at 1.2869/72.

The RBA decision and a busy data calendar should produce lively trade in AUD. According to Global FX Strategist Sean Callow at Westpac, “We still see the AUD vulnerable on crosses.”

In the EMU, the interest rates were held at 0.50%, which was broadly in line with expectations. Indeed, this has proven to be a contentious issue as of late with investors.

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Forex: EUR/JPY extends advance to 129.25

The Euro is rallying against the Japanese yen following the ECB decision to cut by 25 bps its interest rate to 0.50%. The EUR/USD has jumped 170 pips in the latest hour from intra-day low at 127.55 to break the 128.40, to trade above the 129.00 region and to reach fresh highest level since April 26 at 129.25.
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