RBA Rate Decision Comes in Over Night (Daniel Johnson)

Australian Dollar Strength as Travel Corridor with New Zealand Opens

At 3.30am tomorrow morning we will see the release of the Reserve Bank of Australia’s interest rate decision. This has caused volatility in the past but I feel there will be no change in the rates until after February due to recent data releases coming in very positive from down under.

There are a hoard of AUD data releases this week which could cause swings in AUD strength. Probably the most significant will also come in tomorrow at 23.30pm, Glen Stevens, the Head of the RBA is due to give his monthly speech on current economic conditions the outlook moving forward and monetary policy. I think he well could take a bullish stance and we will see further AUD strength.

If you have a GBP/AUD requirement please do not hesitate to get in touch. I will be happy to offer strategy and guarantee to beat any bank or brokerages rates out there. I can be contacted on 01494 787 478 or alternatively you can e-mail me at dcj@currencies.co.uk .