The Aussie has been performing rather badly and it would not be surprising to see the rate fall again in the future. The outlook is not too rosy for the single currency which had caused the Aussie and the Kiwi to be sold off by investors looking for a better deal elsewhere. The continuing uncertainty in the Eurozone has caused the Aussie to weaken and now the news that it is likely to be solved has really caused a return to riskier assets. The outlook for the Aussie itself is not great if we do see further interest rate cuts down the line.
All in all if you need to buy Australian dollars it would be a real shame to miss out on what are some excellent trading levels simply because you had been greedy and were holding on for some better levels. For more information please contact me Jonathan on [email protected]