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Euro, Australian Dollar Forecast: EUR/AUD May Fall Within Channel as Stocks Hold Up 2021-03-12 03:00:00 Daniel Dubrovsky, Strategist
Euro, Australian Dollar, EUR/USD, ECB, RBA, Stocks – Analyst Pick
Euro at risk vs. Australian Dollar as ECB, RBA downplay bond yields
Majors-based EUR index & EUR/AUD trading within falling channel
A near-term rise may prove to be short-lived as key downtrend holds
The Euro may remain at risk against the growth-linked Australian Dollar as market risk appetite holds generally upbeat. Over the past 24 hours, the European Central Bank stepped up its pandemic emergency purchase programme (PEPP) in response to rising nominal government bond yields. The latter poses a risk to equities as it tends to inspire portfolio reallocations, from large financial institutions to general retail traders.