⁍ The Australian and New Zealand dollars gained on the euro on Wednesday.
⁍ Risk of lockdowns in Europe contrasted with open economies at home.
⁍ Soft Australian inflation figures supported expectations of near-term policy easing.
– The Australian and New Zealand dollars gained on the euro today as the risk of lockdowns in Europe contrasted with open economies at home, while soft Australian inflation figures supported expectations of near-term policy easing. The euro dipped to a one-week low of A$1.6531, a long way from its recent top at A$1.6827. The Australian and New Zealand dollars gained on the euro today as the risk of lockdowns in Europe contrasted with open economies at home, while soft Australian inflation figures supported expectations of near-term policy easing, reports Reuters.
Source: https://www.reuters.com/article/australia-forex-int/australian-new-zealand-dollars-outperform-as-economies-escape-lockdown-idUSKBN27D06P