Overnight the RBA released their latest minutes and there was no hint of an interest rate cut any time soon.
The hawkish comments by the RBA have consequently dented the anticipation of further rate cuts predicted by many leading economists.
The hawkish comments come from Australian policy makers indicating that the non-mining sector is rebalancing and the labour market is strengthening. Therefore they predict that unemployment will not rise.
If you have an upcoming currency transfer I would recommend emailing me directly with the currency pair you are looking to trade (AUD/GBP, AUD/USD, AUD/EUR) and your individual requirement (buying a property abroad, paying a company invoice) and I will personally respond to you with a forecast and the buying process. [email protected] Dayle Littlejohn.