Flash: Potential for a higher EUR/AUD, near term - ANZ

FXstreet.com (Barcelona) - Conflicting headlines with regards to monetary policies from different ECB members coupled with the crossfire of headlines from other central banks all over the world, are setting the stage for further uncertainty and volatility in the markets, leading to some nasty moves in the AUD or EUR, recently, notes Brian Martin, FX Strategist at ANZ.

Key Quotes

"With regards to the ECB, the main objective of the varying statements is to reassure economic agents that the central bank is
serious about tackling current disinflationary pressures."

"An intended or unintended externality of this has been to check or slow the euro’s rise against the USD, but it is unlikely to
reverse. We still like EUR/AUD higher, near term."