Massive Strength for the Aussie Dollar (Tom Holian)

Increase in Risk Appetite Helps Support the Australian Dollar

The Australian Dollar has experienced a very positive day today with exchange rates already by moving by over 1% or the difference of £2,000 on a currency transfer of £200,000.

These levels are now the best exchange rates for selling Australian Dollars for many weeks as Chinese data has come out a lot better than expected.

With Chinese Trade Balance data out on Sunday if the news is positive we could see further strength for the Australian Dollar.

US Non-Farm Payroll data is due shortly so we could see further volatility on exchange rates this afternoon.

If you have a currency transfer to make and want to save money on exchange rates then contact me directly for a free quote. Tom Holian teh@currencies.co.uk