You've landed on our UK website.
Click here to visit our USA website.

If you are having difficulty locating the information you require, we're here to help. Just get in touch and we will do our best to assist you.

Weekly Roundup: Australian dollar dented by risk-off mood

currency-newsWeekly Roundup: Australian dollar dented by risk-off mood
The Australian dollar was placed on the back foot through the first half of last week. A prevailing risk-off mood leading investors to the shy away from the high-yield currency.

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?
Philip McHugh

Philip McHugh

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)

Check our exchange rate

Thanks, we'll be in touch.

Check your inbox - one of our currency experts will be in touch to complete your quote.

If you want see our online exchange rates straight away, simply register online & log in.