Tag Archives: EURAUD
With sterling having remained relatively flat against the Aussie for the past couple of weeks, sitting range bound between 1.73-1.74, what is in store the AUD this week?
Beginning tomorrow we have the Reserve Bank of Australia releasing their next interest rate decision and subsequent statement. Recently the RBA have been steadily cutting interest rates but I would not expect any rate change tomorrow, however watch out for any hint as to future policy, any indication that the RBA will look to cut in the future and I would expect the AUD to weaken towards 1.75 and possibly beyond. Tomorrow will also see the release of Australian retail sales figures, these are expected to show an increase and could lend support to the Aussie prior to the RBA meeting.
Looking further forward I still believe there is more to value to come for buyers of the dollar. I would expect the RBA to continue to look at monetary easing and with the UK releasing much better data of late I would expect the trends to continue in favour of the pound. To discuss the current market trends and how this may affect your foreign exchange then please do not hesitate to contact the office on 01494 787478 or email me direct at firstname.lastname@example.org
Well who would have thought a few months ago I would be sitting here writing about the Aussie being at a 3 year low against GBP and slightly smug from an Ashes victory. Australia is not quite untouchable after all!
If you are planning a foreign exchange transfer involving the Aussie in the future it is worth being aware of the volatility the currency can suffer from. This can make or break dreams as usually once the Aussie starts to slide in one direction, there is little that can be done to stem the flows of money.
Important events coming up soon for the Australian dollar are the RBA Minutes, Reserve Bank of Australia Minutes which will provide insight as to what extent we can expect further rate cuts which will weaken the currency. Last meeting we learned that there is definitely scope for further cuts so you have been warned that we may yet see the Aussie weaken further in October and remain weak for September. If perhaps you have sold an Australian property and need to bring back the funds to the UK holding may unfortunately not be the best course of action. Small fluctuations in the exchange rate can make a big difference in the amount of currency you receive so to discuss all of your options with a specialist please speak to me Jonathan on email@example.com
The prospect of QE ‘tapering’ is another big driver for the Aussie. Known as a ‘riskier’ currency it is susceptible to sentiments on the global economy. The prospect of the US Federal Reserve halting or reducing (tapering) the amount of money they are seeping into the financial system is bad news for riskier assets as it means with less ‘cheap’ money around investors will seek more certain returns. The tapering is scheduled in September so this is yet another reason the AUD looks set to remain on the ropes.
For a free, on obligation discussion of your situation please contact me Jonathan on firstname.lastname@example.org even if it is just some Aussies looking to blow off some steam! Haha I am sure the winter test will prove very challenging for the Brits… We write this blog for information for our clients and new clients alike. We aim to not only save you money by offering better rates than you can currently achieve, but assist with the actual timing of your exchange too.
Hoe to hear from you soon
Australian Dollar exchange rates have fallen dramatically overnight and this morning hitting a three year high for AUD buyers using GBP and EUR. In a speech in Sydney Reserve Bank of Australia governor Glenn Stevens left the door open for a potential rate cut as soon as next week. As aresult the Aussie has fallen in excess of 1.5% against the pound and euro. This could be a great opportunity for anyone buying AUD as we have the UK interest rate decision on Thursday at midday which could hamper the pound recent gains, and should the RBA decide agains cutting rates next Tuesday then these gains could be wiped out very quickly.
Should you have an upcoming exchange to arrange and you would like to discuss the currency service we provide then please get in touch. Our aim is to supply our clients with information to assist them with their money exchange. It is impossible to guarantee the best time to exchange but by giving yourself as much information as possible it puts you in the best position to make an informed decision. Our currency service is geared towards private and corporate clients and simply we are here to get you the best market price we can. To test the service or to get a live quote contact the office on 01494 787478 or email Mike at email@example.com and I will happily discuss current trends and see if I can save you money on your currency transfer.
Email Mike to get the best deal on your foreign exchange firstname.lastname@example.org
Kevin Rudd returned as Australian prime minister today executing a coup on Julia Gillard almost three years to the day after being ousted by his former deputy. The return of Rudd could now see Australia go to an election in August in an effort to cash in on his greater popularity with voters and creating a great deal of political uncertainty, something that can cause dramatic shifts on the value of the host currency. During the unexpected ousting of Rudd the Australian Dollar has seen some significant shifts with the GBP/AUD high/low spread from 1.6687 to 1.6447 (1.5%) and EUR/AUD shifting from 1.416 to 1.3937 (1.6%). Of course a scenario such as this is impossible to forecast but just goes to show how important it is to keep yourself in the loop and updated regularly with the ongoings and movements on the money markets.
As leading specialists on the execution only foreign exchange market helping thousands of corporate and private clients, we have an idea of what market data can have a positive or negative impact on your money transfer. Simply let us be your eyes and ears on the market as by timing your exchange significant savings can be made on your money transfer.
To get further information on the currency service we provide then please contact the office on +44 (0)1494 787478 or email Mike at email@example.com and I will gladly run though my thoughts on the market and the various contracts available to maximise your exchange.