Noticing a interesting trend that many Euro currencies are falling against the AUD. Or conversely AUD rising against Euro currencies

Some examples:

AUDSEK

AUDEUR

AUDGBP

I was thinking of investing in some european companies such as SaltX, Shell, F-Secure and maybe Iberdola but this current trend is holding me back.

I know what everyone is thinking but actually Shell has some great power generation assets in Australia after buying out ERM Power (I was once a shareholder of ERM Power and not happy when that happened). Also Iberdola bought out Infigen.

Perhaps reasons for this could be the ongoing Russia / Ukraine war and the negative impact on energy prices and overall political stability in the region.

I never thought I'd see the day AUD would be viewed as a "safe haven" compared to Europe. But here we are...

Comments welcome.