Today saw trading between 1.6233 and 1.6404, a range of just under 2 cents! If you are considering selling Australian Dollars, I would really look to assess your position sooner rather than later as the rates have moved into your favour!
There is a strong chance that the recent resurgence from AUD is linked to the weakening of the USD. The Federal Reserve meet next Wednesday and a wide opinion is that the markets have priced US Quantitative Easing in to recent trading.
Feel free to get in contact if you have Australian Dollars to sell that you are unsure timing correctly. It is also worth dropping me a line should you not have the Dollars available yet, as there are options available to you. Depending on your AUD situation, you may be able to fix your rate of exchange and avoid any further unfavourable market movements – a distinct possibility!!
Drop me a line on the trading floor to have a chat!
01494 787 478