Markets: The Aussie's euro slip

For the first time since 2008 the euro is doing better than the Aussie dollar and, according to the OECD, the cross-country coin is still undervalued by 24 per cent.

Commodity prices have been volatile reflecting concerns about future growth, and forecasts for Australia’s growth have weakened. Now the currency market is starting to catch up with this reality. The euro has outperformed the Australian dollar for the first time since 2008.

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Markets: The Aussie's euro slip

For the first time since 2008 the euro is doing better than the Aussie dollar and, according to the OECD, the cross-country coin is still undervalued by 24 per cent.

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