Australian Dollar remains stable ahead of key interest rate decision from RBA

AUDGBP Bounce Fails to Top the 0.5500 Level

The Australian Dollar has managed to stand its ground during the course of trading this morning, however we have a key interest rate decision and monetary policy statement due out overnight tonight.

There are no expectations for any interest rate movements but I personally would not be surprised to see comments in the monetary policy statement surrounding how the Chinese issue is actually starting to weigh heavily on the Australian economy and I would not be surprised to see a little weakness for the Australian Dollar overnight, potentially making it cheaper to buy.

This will more than likely set the scene for the week against most major currencies so it is highly important for anyone looking to buy or indeed sell Australian Dollars.

If you are in the position where you are going to need to carry out an exchange soon and you want to make sure that you get the most for your money then this is something we can help with too.

We do not just beat the banks but we can basically better pretty much all other currency brokers too. No matter where in the world you are we can help you both with the timing of your transfer and the exchange rate.

Feel free to email me (Daniel Wright) on [email protected] letting me know exactly what your requirement is and the timescales you are working to and I will be more than happy to contact you personally.

We tell you what you need to know, not what we want you to hear!