Nudged up to 1.0529 recently after post Chinese PMI lows of 1.0464 in the Asian session and looks set to chew through offers ahead of the 1.0550 barrier. Real money have been the main buyers over the last 24 hours.
EUR/AUD is again struggling to bounce convincingly with the late Friday low of 1.1735 proving to be stubborn resistance on the upside for the cross. There’s been some murmurs in the market that funds are again selling this pairing along with sovereigns.
EUR/AUD’s now at a day’s low around 1.1704 with AUD/USD nudging the day’s high