Chinese Yuan Devaluation has Repercussions on AUD Value (Daniel Johnson)

AUDGBP Starts the Week Higher After Jobs Slump

AUD has consistently weakened over the last three days due to the People’s Bank of China devaluing the Yuan to stimulate growth. Although initially this move has weakened the Aussie , overtime this could benefit AUD as a weaker Yuan could boost Australia’s exports which make up a large proportion of Australian GDP.

It is currently an excellent time to purchase if you have an AUD requirement. Very close to a six year high. It may be wise to strike while the iron is hot.

There are several large trades going through GBP/AUD this week which potentially I can tag new clients on to in order to obtain a very competitive rate. Don’t hesitate to get in touch if you have a AUD requirement I will be happy to assist.

I am offering a free rate alert service to notify potential clients of any spikes or troughs in the market. feel free to drop  me an email if you would like to take advantage of this service.

Thank you for reading today’s Blog, I would greatly appreciate any feedback you have and would take pleasure in replying personally. I am more than than happy to assist you with any of your currency requirements. Feel free to e-mail me on [email protected] or call on 01494 787 478 and ask for Daniel Johnson.