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AUD currency update: Aussie dollar drops againsts its counterparts

James Baxter - AUD currency update: Aussie dollar drops againsts its counterpartsJames Baxter
Senior Currency Broker
T: 01442 892 062

The Aussie dropped against its counterparts overnight after dovish comments from the Reserve Bank of Australia.

The published minutes revealed that there were concerns over Labour and the Housing Markets which saw GBP/AUD rise from 1.65 to 1.6650 and AUD/EUR drop from 0.7140 to 0.7092.

Tonight from Australia we have New Motor Vehicle Sales and the Westpac Leading Index which tracks nine separate gauges of economic activity.

GBP/AUD exchange rate graph

GBP/AUD exchange rate graph

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James Baxter
Senior Currency Broker
T: 01442 892 062

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