The euro slumped on Thursday following the European Central Bank’s (ECB) latest interest rate decision.
A pullback in the US dollar, coupled with rising commodity prices helped to revive AUD demand in mid-week trade.
Before a subsequent slump in sentiment saw the ‘Aussie’ relinquish the majority of its losses again at the end of the week.
This week, the primary focus for AUD investors will be the Reserve Bank of Australia’s (RBA) latest interest rate decision.
The RBA is forecast to deliver another 50bps rate hike, but could this be undermined by some dovish forward guidance from the bank?
Joining the corporate trading desk in 2007, Phil now over sees all of Currencies Direct’s corporate dealing activity. Having gained experience working with hundreds of businesses to optimise international payments processes and execute comprehensive risk management strategies, Phil currently works with a portfolio of corporate clients whilst managing Currencies Direct’s overall market exposure
Phil has FCA approval and has completed the Certificate in International Treasury Management (CertiTM)