Australian Dollar still overvalued and interest rates to remain steady – Australian interest rate decision leads to mild AUD weakness (Daniel Wright)

Will AUD to USD Retest the All-Time Lows?

The Australian Dollar weakened a little overnight following comments from RBA Governor Stevens that he still felt that the Australian Dollar was a little overvalued and that interest rates would remain  steady for a period of time.

Over the past year or so, Stevens appears to have changed his mind about the Australian Dollars strength more than the England cricket team change their bowlers.

The mere comments last night have pushed the rate a little in the favour of anyone looking to buy Australian Dollars and may now weigh a little on the strength of the Australian Dollar in the short term.

I can assist you if you are in the position where you need to either buy or sell Australian Dollars both in terms of providing you an exchange rate that is better than the banks and indeed other brokerages and offering you an extremely proactive service.

The company I work for has won lots of awards for our rates of exchange and even a small difference on the rate you achieve can make a large difference to the money you receive for your transaction.

Feel free to contact me directly by email with a brief description of your requirements and a telephone number and I shall be more than happy to contact you personally. You can email me on djw@currencies.co.uk I look forward to speaking with you.