So this week we have very little out in terms of economic data for the market to feed off of, however do not let that fool you into thinking that we are going to have a flat market over the course of the week.
Last night we saw the U.S debates between Trump and Clinton and it appears that =Clinton came out on top which led to a little strength for the Australian Dollar due to riskier currencies coming back into fashion.
One of the key things to look out for, on top of commodity prices and general risk appetite is what we see happen in the U.S elections. Should Clinton remain out in the clear then we may see further Australian Dollar strength however you must be aware that if we do suddenly start to see Trump charge ahead then perceived ‘riskier’ currencies such as the Australian Dollar will be likely to weaken… As investors and speculators will be fairly likely to panic if Trump does start to look like he may win.
We have U.K growth figures out on Friday morning which will be the main driver for GBP/AUD exchange rates towards the end of this week but asides from that the key focus will be changes in commodity prices, news from China, U.S election and general risk appetite.
If you are looking to buy or sell Australian Dollars and you would like to achieve the very best rate of exchange for your transfers then it is well worth getting in contact with us directly. We can generally better any other brokerage out there and we like to think our customer service is much better too. Feel free to get in contact with me (Daniel Wright) by emailing me directly on [email protected] with a brief overview of what you need to do and I will be more than happy to contact you personally to discuss the options available to you.