Weekly Currency Outlook AUD/USD, AUD/EUR
AUD/USD AUD/USD declined to a fresh two-year low of 0.6711 last Monday as the USD strengthened, and EUR fell towards parity (see below). The USD continued to strengthen after a better-than- expected U.S. June non-farm payrolls labour market report on the previous Friday. Monday’s trade gave the Asian and European market an opportunity to react