EXCHANGE RATE OF EURAUD ON FOREX

EUR/AUD is a currency pair that shows the ratio of two currencies, the euro and the Australian dollar. In this instrument, the base currency is euro, and the Australian dollar is quoted. Thus, the ratio shows the value of the euro in Australian currency. The pair has little popularity in the foreign exchange market, as it has low operational reliability index. The quotation of the pair is influenced by the ratio of interest rates, prices for raw materials, as well as the state of the services sector. In order to make forecast for currency pair development, you should pay attention to the state of the US dollar, since it has a special effect on the cross-rate pair. The pair has static indicators and does not bring you high income.

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