- Aussie Dollar is sharply higher as European currencies tumble
- Lack of forex economic event risk suggest it’s position squaring
- Clear implications for Euro as we head into next week
![forex_trading_why_is_the_euro_lower_body_Picture_5.png, Why is the Euro Tumbling as the Australian Dollar Surges?](http://media.dailyfx.com/illustrations/2014/01/03/forex_trading_why_is_the_euro_lower_body_Picture_5.png)
Prepared by David Rodriguez, Quantitative Strategist
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