Tonight we see the RBA release their latest interest rate decision and rate statement which will be key for Australian Dollar exchange rates in the coming days and weeks.
It is unlikely we will see a cut in rates but there is a possibility. The main key could be any comments in the rate statement that lead to the increase in the chance of a rate cut by the RBA.
For those who are not aware, a cut in interest rates is generally seen as negative for a currency and a hike in rates is seen as positive and even the mere speculation of an alteration can impact an exchange rate straight away.
I personally feel that tonight we will not see a rate change but there will be hints of it happening in the future, this may lead to the Australian Dollar getting weaker and cheaper to buy.
If you have the need to buy or indeed sell Australian Dollars for your business, due to a property purchase/sale or for any other reason then it is important to have a proactive broker on your side and one that can get you the very top levels of exchange – It is very easy to settle for second best in this market but it is key to realise that even the slightest improvement in a rate of exchange can save you a huge sum of money.
If you would like to have a brief discussion with me (Daniel Wright) as to how I will be able to assist you with any pending currency exchange then feel free to email me directly on [email protected] and I will be more than happy to get in touch with you personally. We can cater for people inside our outside of the U.K and carry out bank to bank transfers.