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EUR/AUD Exchange Rate Rises as Eurozone GDP Data Suffers in Fourth Quarter The Euro to Australian Dollar exchange rate rose by 0.2% today, with the pairing currently fluctuating around AU$1.58. The EUR/AUD exchange rate edged higher today despite news that Europe’s slower Covid-19 vaccine rollout could result in a slower recovery for the Eurozone’s economy. Sam Miley, economist at the Centre Economics and Business Research, explains: ‘This downward pressure on economic output looks set to continue in early 2021 due to the clampdown on new, more virulent strains of coronavirus, while subdued economic activity could continue for an even more protracted period in light of the eurozone’s relatively slower rollout of vaccinations.’

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