Breaking News – Fed Keeps QE Flowing, AUD and NZD strength

AUD GBP Steady Above 0.5400 with Melbourne Reopening

The Aussie reacts to global sentiments and the news the Federal Reserve will not (at this stage anyway) be turning off or reducing QE has been positive for riskier assets like the Australian dollar. This will present a short term spike which AUD sellers may wish to take advantage of.

The pound and euro remain fairly well supported so any gains by the AUD will not probably be too significant although it will take time for the market to digest the news. With UK markets effectively closed, the first reaction will be the Asian session in a few hours but it will be the UK and European open tomorrow morning where we may see more movement.

If you need to move currency and are interested to get a better rate and learn more about future AUD movements, please contact me [email protected].