Why the Aussie will continue to weaken

The Aussie looks set to continue to weaken and further interest rate cuts will not help the positioning of the previously untouchable Aussie dollar. Turning off the QE taps by the Federal Reserve in the US will further weaken the Aussie, this is indeed another reason why the currency is still suffering.

With sterling and the euro both remaining well supported a reversal of the current trend will take significant shifts in attitudes. The Aussie looks highly unlikely to start to strengthen anywhere near the kind of levels witnessed earlier this year. Should you have a transfer to consider please contact me personally for the best rates and service on the exchange. I personally cannot see the AUD strengthening because the Chinese data has not been impressive either and all of these combine to make it further difficult for us to see AUD strength.

For a free no obligation discussion of your situation including details on how to get better exchange rates please contact me  personally on [email protected]