One point of note for those looking to buy or indeed sell Australian Dollars in the near future is the Federal Reserve interest rate decision and monetary policy statement due out in a few hours time.
This release can impact all major currencies and alters global attitude to risk which of course then can lead to large movements for the Antipodean currencies, such as the Australian Dollar and New Zealand Dollar.
The key really will be comments on interest rate change whether or not the U.S are considering further rate hikes in the coming months or whether they are happy to sit tight and see how the latest move unfolds.
Personally I feel the current market is one of the hardest to predict we have seen in years as there are just so many factors that are having an impact, so I am of the opinion that it makes sense if you are needing to exchange currency in the coming days, weeks or months to protect some or all of your position as you just do not know what may be next.
Having worked in these markets for ten years I am here to help any of our regular or new readers with their transfers and the brokerage I work for offers a number of different options to help clients with their currency.
If you are in the process of sending money overseas or bringing money home then feel free to email me (Daniel Wright) on [email protected] with a brief description of what your plans are and I can work together with you to tailor an approach to try and help you get the most for your money.
Our rates of exchange are generally better than anywhere on the market and our level of service is second to none so if you feel it may be beneficial then do feel free to get in touch with me today.