Fundamental drivers (interest rates, bond yields, carry trade)
Heads of central banks
European Central Bank (ECB): President Christine Lagarde
Reserve Bank of Australia (RBA): Governor Michael Bullock
Current interest rates (July 2026)
ECB deposit rate: 2.00% (after several cuts in 2025-2026)
Reserve Bank of Australia cash rate: 4.35%
Interest Rate Spread: RBA rises by ~2.35% → Australian dollar is strongly favored in carry trades.
Bond yield spread
The Australian 10-year bond yield is generally higher than German/Eurozone bond yields.
This also supports the strength of the Australian dollar against the euro.
Withstand the impact of trade
Positive carry (rising Australian prices) makes EURAUD SHORT attractive to carry traders.
Technically bullish to neutral on the weekly chart.
Dates of the next meeting of the Monetary Policy Committee and the Reserve Bank of Australia (official sources)
1. Reserve Bank of Australia (RBA)
Next monetary policy meeting:
Tuesday 11 August 2026 (decision at 2:30pm AEST)
2. Bank of England (MPC)
Next monetary policy meeting:
Thursday, July 30, 2026 (decision at 12:00 noon)
#EURAUD

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