FXstreet.com (Sydney) - The EUR/AUD eased from threatening 1.64 to steadily lose ground to remain at 1.6296. The mood has been bearish for the pair in keeping with the monthly trend.

However, while there is a down bias for the pair, the Aussie is set to firm as interest rates are set to rise by at least 25 basis points in Australia today. If there is no change, expect a sell off as this would signal continued fiscal support for a weak economy.