In response to the weakening US Dollar the Australian Dollar has strengthened by over a cent. The US Federal Reserve were expected to move interest rates but they were kept on hold. Some economists were predicting that the FOMC would increase interest rates as the US economy has been on the rise recently. Buying Australian Dollars with Sterling has dropped to 1.5580 today from 1.57 the besst exchange rates yesterday.
Expect some more currency movement to affect transferring Australian Dollars tomorrow with the US GDP figures out tomorrow afternoon and the Bank of Japan meeting. For more information about how to save money when buying Australian Dollars feel free to contact me Tom Holian [email protected] Please quote Australian Dollar Forecast when contacting me.