Australian Dollar continues to strengthen against GBP, USD & EUR

Australian Dollar Forecast Set for Bleak End to 2020

The Australian Dollar has continued its run of strength against the pound, US Dollar and Euro. Yesterday the Aussie reached its highest ever level against the Euro and was trading at a 4 month high against the pound. These are amazing levels for selling your Australian Dollars.

The Australian Dollar is an extremely volatile currency. Investor sentiment has a big effect on the state of the Dollar. With hopes of a resolution to come out of Europe on Thursday to help solve the regions debt crisis investors have been looking once more to the riskier southern hemisphere currencies.

I would not be surprised to see the AUD continue its strong run. Should data out of China or Australia’s retail sales and trade balance data out in the early morning on Thursday, come out slightly negative then we may see the gains reversed.

If you would like assistance in making a saving over the high street banks on your currency exchange then do please feel free to contct me at bma@currencies.co.uk. I help many clients all over the world use our service to buy any major currency.  We can typically save you up to 4% on your exchange while also offering you a very personal service which the banks just will not do. We also have differnt options that may suit your requirement from forward buying to placing stop loss and limit orders. If you would like information on any of this please do email me with your contact details and I will call you to explain all the options that are available to you.