The Euro largely took its cues from the US data last week which was less than impressive, especially in the retail sector. Some slightly weaker EU data has led to calls for further stimulus from the ECB and that has limited the Euro's gains.
The AUD has had a tumultuous couple of week as the currency has battled against a highly bearish trend line. However, the AUD might finally be turning the corner as the currency recently broke through and held steady after a retest of the bearish trend.
Markets stay snoring leisurely as we move into the concluding slice of today's US session. That said, traders may start looking in the future to some of the important data on knock in the coming Asian session.