Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

AUD currency update: Aussie dollar strengthens after news from the US

James Baxter - AUD currency update: Aussie dollar strengthens after news from the USJames Baxter
Senior Currency Broker
T: 01442 892 062

GBP/AUD has fallen overnight as the Aussie dollar has strengthened following the interest rate rise from the Federal Reserve yesterday evening.

Bizarrely, the US dollar actually weakened after the announcement and the Aussie dollar strengthened as a result.

Poor unemployment figures from Australia this morning have had little impact on the Aussie dollar and the GBP/AUD cross has dropped into the 1.59’s.

At the time of writing, AUD/EUR is sitting in the high 0.71’s.

We may see some further movement in sterling crosses this afternoon as we have an interest rate decision and monetary policy statement from the Bank of England later today.

GBP/AUD exchange rate graph

GBP/AUD exchange rate graph

If you need to buy or sell Australian dollars, or any other major currency, contact me today for a free, no obligation consultation. If you don’t have an account here at Foremost Currency Group click here to register for a free trading facility today.

To keep up to date with the Australian dollar, visit our AUD blog section on our website here.

To keep up to date with all our currency news, visit our Currency News section on our website here.

James Baxter
Senior Currency Broker
T: 01442 892 062

© Copyright 2013 to 2017 | Foremost Currency Group Ltd | All rights reserved