The Australian Dollar has taken a tumble against a host of major currencies including the USD, GBP & EUR by around 0.6% against all of them. Unemployment down under unexpectedly rose in August and the currency
was weighed down by a gloomier outlook for the economy.
The Aussie Dollar had strengthened quite significantly after it was boosted by strong Chinese data and a new government was put in place but the losses have started again. Next week the RBA will release their minutes to their latest interest rate decision and it will be interesting to see if the RBA are happy with the losses for the Dollar by talking the currency down further. They seem to be keen on watching the AUD continue to weaken to boost their exports.
If you have any questions or queries regarding an up and coming currency transfer that you need to make over the coming weeks or months then please feel free to contact me at [email protected] I offer my clients a very personal service on their currency exchange while the rates of exchange are significantly better than the banks in the UK, US, Euro zone and Australia.
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