Australian Dollar surges back against most major currencies following positive business outlook (Daniel Wright)

Australian Dollar Forecast – Unemployment Weighs on Sentiment

The Australian Dollar has had an extremely positive 24 hours against most major currencies as we saw exceedingly positive business outlook data over in Australia which gave the Australian Dollar strength overnight and made it much more expensive to buy.

Of course for those looking to sell Australian Dollars this would be a welcome movement after a number of weeks of the exchange rate being fairly static if not getting slightly worse for you.

We have very little data left to come out for Australia this week and I think the next key release will be U.S GDP figures (Gross Domestic Product) for the U.S which although you may not think would directly affect the value of the Australian Dollar it will change global attitude to risk. With the Australian Dollar being one of the perceived ‘riskier’ currencies it can cause quite a bit of volatility for Australian Dollar exchange rates – Check back here later this afternoon for how this data has moved the market.

If you are looking to buy or indeed sell Australian Dollars in the near future and you want to achieve not only excellent rates but fantastic levels of customer service then it is well worth getting in touch with me directly. Even if you currently use a currency broker it is always worth getting a fresh comparison to ensure you are still getting the best you can.

Feel free to email me (Daniel Wright) directly on  djw@currencies.co.uk and I will be more than happy to get in touch with you personally.