The Australian Dollar is today trading up by nearly 1% against the USD, 0.5% against the Euro and is hovering at the same level against the pound as it closed yesterday. The Aussie Dollar is trading at some fantastic levels for buying sterling and Euros.
The Aussie Dollar was boosted today when Chinese data (a very close trading partner with Australia) suggested that their economy grew slower than expected but was still showing very strong growth compared to many other western economies. Because China’s economy continued to expand rapidly the Aussie Dollar continued to gain against western currencies. China imports many raw materials from Australia so strong growth means their will be a bigger demand for the materials hence boosting Australia’s own economy and strengthening the currency.
If you are needing to move Aussie Dollars to the UK, US or Europe now seems to be a fantastic time to capilalise on the positive gains. If you have a requirement you may wish to discuss you can email me at [email protected] I will be happy to call you to explain all the options that are available to you and I will also do everything we can to make sure that we can beat your high street bank and any other currency broker that you deal with.
I look forward to hearing from you.