AUD vs EUR: Both struggling against resurgent USD - Westpac

Sean Callow, Research Analyst at Westpac, suggests that the US election produced volatility on AUD against EUR but overall, AUD and EUR are showing similar weakness against the resurgent US dollar as bond markets price in wider budget deficits and higher inflation in a Trump presidency.

Key Quotes

“Moderate further declines in AUD and EUR over the next month or so should leave AUD/EUR in a 0.68-0.71 range or EUR/AUD 1.41-1.47 range, struggling to make a sustained breakout.”