
- EUR/AUD trades sideways around 1.6300 even though the Australian job demand remained slower-than-forecast in October.
- RBA Bullock supports maintaining a restrictive stance until inflation gets under control.
- Trump’s policies are expected to keep the Eurozone economy on the backfoot for a longer term.
The EUR/AUD pair trades in a tight range near the key resistance of 1.6300 in Thursday’s North American session. The cross struggles for the direction even though the Australian Employment data for October came in weaker than expected.
The Australian labor market data showed that the economy added 15.9K new workers, lower than estimates of
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