The Euro rose by a mere 0.1% in Asia on Wednesday as investors are cutting their short position on the Euro ahead of the ECB leader’s summit later this week. Another key event coming up though this week is ECB’s policy decision on Thursday which is expected to announce a rate cut of 0.25% down to 1%. The Central bank is also expected to possibly offer long-period liquidity operations to support banks. The Swiss Franc lowered versus the Euros as well as a recent drop in consumer prices is causing speculation of another upcoming intervention to shield the currency from deflation and recession. In other news the Australian Dollar grew by 1% in the 3rd quarter which helped the currency pair reach higher. 
AUDUSD
The AUDUSD is once again looking like it is heading for 1.0330. A break above will target 1.0450. A fall once again to 1.0150 though will lead to 1.0100 and parity levels. 
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Aussie 3rd q/q GDP at 1%
Published 12/07/2011, 07:40 AM
Updated 04/25/2018, 04:40 AM
Aussie 3rd q/q GDP at 1%
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