Greek Deal Imminent causing Australian Dollar Weakness (Tom Holian)

Australian Dollar Gains a Cent on EUR and USD in a Week

GBPAUD exchange rates have this morning seen a huge rise as the rumours are that the Greek problems will be resolved fairly soon.

This has caused the Australian Dollar to weaken as global investors sell off riskier currencies to buy back into the Eurozone.

Furthermore, the strength of the Australian Dollar is often dependent on what happens in the US. The world’s largest economy has seen a a fall in confidence owing to less durable goods orders and manufacturing falls.

We are now only 7 days from the UK general election which is likely to cause a huge amount of volatility for Sterling vs the Australian Dollars giving good opportunities for both sides.

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