Euro / Australian DollarEUR/AUD

EUR/AUD is a major cross between the Eurozone and Australia. It tends to fall when global risk appetite is on (AUD strengthens) and to rise during European-strength episodes or Asia-Pacific stress. Drivers include ECB vs RBA policy divergence, Europe / China trade flows, commodity prices (especially iron ore) and broader risk sentiment. Spreads are wider than EUR/USD or AUD/USD individually. Useful for traders wanting Eurozone exposure measured against a commodity / China-linked currency rather than the dollar.