Its been reported by the Chifley research center that inequality is set to seriously impact Australia’s GDP by 2020. Inequality has increased between 2011 and 2014 and if this trend continues the research is suggesting the could cost Australian citizens 500 dollars a year by 2019-2020. Furthermore the research center have stated if no action is taken they believe as much as 3% of GDP will be completely wiped out.
Short term Australia have limited data releases this week that will impact the value of the Australian Dollar. Looking ahead the next RBA interest rate decision is set to be released Tuesday 6th. Last month a cut of 0.25% occurred however some economists believed this should have been 0.5%. Therefore there is a chance we could see consecutive rate cuts. If this is the case I expect the Australian dollar will weaken, however I think it would be a premature move by the RBA.
The currency company I work for has won numerous awards for exchange rates therefore it enables me to trade Australian dollars at rates better than other brokerages and high street banks. I would recommend sending an email with a brief description of your requirements and your timescales (this is very important, the length of time you have will change your options) and I will email you with my strategy and the process of using our company [email protected]. Alternatively if you would like to discuss your requirements over the phone call 0044 1494-787478 and ask to be put through to Dayle Littlejohn.
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