• About Us
  • Authors
  • Currency Charts
  • Live Exchange Rates
  • Contact Us

Exchange Rate Forecast

Exchange rate forecasts and foreign currency news

  • British Sterling
  • Euro
  • US Dollar
  • Australian Dollar
  • Canadian Dollar
  • Brexit News
You are here: Home / Australian Dollar / Australian Dollar strength continues

Australian Dollar strength continues

June 30, 2017 by Lewis Edmonds

Australian Dollar strength continues

The Australian Dollar has continued its good run of form against most major currencies, following a series of positive comments from a range of Central Banks and influential speakers that identify the times of low interest rates may soon be over. Investors are currently moving funds out of the heavily populated US Dollar as Janet Yellen, Chair lady of the FED, failed to comment on the course of action the FED would take regarding monetary policy.

Another possible reason for AUD strength of late could be the fact that investors have realised that United States is not the only country with high rates of return. Australian’s interest rate is currently sat at 1.5%.

Australian Dollar exchange ratesNext week could see even more strength for the Australian Dollar. In the early hours of Tuesday morning, the latest interest rate decision and subsequent monetary policy statement will be announced. No change to policy is expected, however following events this week I wouldn’t be surprised to see a shift in tone.

If the Reserve Bank of Australia do present a more hawkish tone then I wouldn’t be surprised to see the AUD benefit further.

Not only will the interest rate decision be key next week, but investors will also be looking at export numbers following China’s better than expected Manufacturing data. As China’s manufacturing is heavily linked to the export of Iron Ore from Australia, these figures will be keenly watched to see if the Australian Dollar will be a wise investment for the future. If these figures come out better than expected I wouldn’t be surprised to see further AUD strength.

Filed Under: Australian Dollar Tagged With: Australian Dollar strength, Australian interest rate, GBPAUD, interest rates, RBA, Reserve Bank of Australia

The information on this website is provided for information purposes only. It does not constitute advice to any person on any matter. Every reasonable effort is made to ensure that the information is accurate and complete but we assume no responsibility for and offer no warranty with regard to the same.

About Lewis Edmonds

When he is not offering insights into the what is happening on the currency markets Lewis manages key relationships for an authorised payment institution in the UK.

Recent Posts

  • Sterling finds support but unlikely to make any significant impact in the coming days May 9, 2018
  • US Dollar hits 5 month high against Sterling May 2, 2018
  • Sterling exchange rates at the mercy of political developments May 1, 2018
  • Pound weakens as political uncertainty once again raises its head May 1, 2018
  • Will Mario Draghi’s speech impact GBP/EUR? April 26, 2018

Live Exchange Rates

Archives




Copyright © 2021 — Currency.co.uk • All rights reserved. • Exchange Rate Forecasts • Privacy Policy •

We use cookies to ensure that we give you the best experience on our website. By using this site you agree to receiving cookies.I agreeRead Privacy Policy