The Australian Dollar has had another week of holding its ground despite concerns starting to be raised once again over the strength of the currency damaging the Australian economy.
I am still firmly of the thought that we should see Sterling hit 2 rather than hit 1.60 in the coming months as speculation of an interest rate hike heightens in the U.K however those looking to buy Australian Dollars should still be wary of economic data in China picking up again and giving the Australian Dollar a lift.
There is little data of note due to come out over the course of the rest of the weeks trading so the main focus will more than likely now be for global attitude to risk and economic data from other economies.
Global attitude to risk can directly have an effect of the strength of the Australian Dollar and with events still on-going in both Iraq and Ukraine anything could happen at any time so if you are looking to make a transfer fairly soon and you are reasonably happy with the current rates of exchange it may be prudent to lock something in fairly soon.
If you are in this position or if you do need to transfer funds in the coming weeks and months then I will be able to help you. The company I work for not only has won many awards for our rates of exchange but also for our high level of customer service.
Please do feel free to get in touch with me (Daniel Wright) for a no obligation discussion about your requirements and i will be more than happy to contact you personally. You can email me on [email protected] with a brief description of your requirement and a contact number and I will be more than happy to get in touch.