Foreign Exchange News

Your Currency

Exchange to

Amount

Compare to bank

By Brett Ottawa

Aussie steady ahead of RBA minutes


Australian Dollar

AUD / USD

Expected Range

The Australian Dollar fell forty basis points from yesterday' high of 0.7890, running out of steam in its rally up to the 79 cent handle. Opening initially at 0.7880, the Aussie was steady throughout the domestic trading session as Chinese Inflation numbers came in at expectations of 1.6% for the month of September. The eventual decline was seen in overnight trading with a small movement higher for the greenback with the AUD/USD dropping to an eventual low of 0.7842 at the close. The dollar is expected to see further movement this morning with the release of October' Monetary Policy Meeting Minutes whereby the RBA kept benchmark interest rates on hold at 1.5%. The Australian Dollar is currently swapping hands at the rate of 0.7850 against its American counterpart this morning.

Great British Pound

GBP / AUD

Expected Range

1.6825 – 1.6925

Majors

USD, EUR, JPY

Expected Range

N/A

New Zealand Dollar

NZD / USD

Expected Range

0.7120 – 0.7220

By Brett Ottawa

The Australian dollar is rallying


Australian Dollar

AUD / USD

Expected Range

0.7840 – 0.7930

The Australian Dollar closed the week higher after a lower than expected inflation reading out of the United States in Friday evening. Opening the day at 0.7820 against the greenback, the Aussie traded in a tight twenty pip range during the domestic session. The majority of price action occurred during the release of the US inflation report which showed a 0.1% rise in core inflation versus 0.2% expected. The result sent the Australian dollar to a three week high of 0.7896 and opens slightly lower this morning at 78.80 US Cents. Further direction will be seen from the release of the latest Monetary policy minutes due for release on Tuesday.

Great British Pound

GBP / AUD

Expected Range

1.6800 – 1.6900

Majors

USD, EUR, JPY

Expected Range

N/A

New Zealand Dollar

NZD / USD

Expected Range

0.7120 – 0.7220

By Matt Richardson

All eyes on U.S CPI and Retail Sales as markers for rate hike


Australian Dollar

AUD / USD

Expected Range

0.7730 – 0.7860

The Australian Dollar is stronger today when valued against its US counterpart reaching an overnight high of 0.7835. The dollar' strength was on the back of positive local data yesterday as the Melbourne Institute´s consumer inflation expectations for October rose to 4.3% which was well above the previous months figure of 3.8%. Australian home loans approvals also rose in August which was up 1.0% doubling the market's expectations 0.5%. The macroeconomic calendar has little to offer today with no scheduled data releases. The AUD/USD pair is currently trading at 0.7820. We now expect support to hold on moves approaching 0.7780 while any upward push will likely meet resistance around 0.7840.

Great British Pound

GBP / AUD

Expected Range

1.6750 – 1.7050

Majors

USD, EUR, JPY

Expected Range

N/A

New Zealand Dollar

NZD / USD

Expected Range

0.7060 – 0.7190

By Matt Richardson

Inflation concerns sprinkled amidst FOMC minutes dampen USD upside


Australian Dollar

AUD / USD

Expected Range

0.7730 – 0.7830

Despite a positive reading from Westpac' Consumer Sentiment index, the Australian Dollar met resistance against the US Dollar once again around the 78c level yesterday. The pair touched a high of 0.7809 following the release however these gains were short lived and saw the pair pullback under. The survey rose by 3.6% in October which was positive but also comes on the back of an already solid improvement the month before. According to Westpac, the improvement was largely driven by optimism towards the economy in the year ahead and consistent coverage of the continuing improvement in the global economy, in particular the US. Another key point to note is job confidence at a household level has improved to its best level since 2011. Locally, today sees the release of second tier data with housing finances and inflation expectations. The AUD/USD is currently changing hands at 0.7785.

Great British Pound

GBP / AUD

Expected Range

1.6820 – 1.7080

Majors

USD, EUR, JPY

Expected Range

N/A

New Zealand Dollar

NZD / USD

Expected Range

0.6970 – 0.7130

By Matt Richardson

Euro rallies as expectations for tapering in QE program escalate


Australian Dollar

AUD / USD

Expected Range

The Australian Dollar inched higher intraday on Tuesday against the Greenback following a strong report on the monthly NAB Business Confidence survey. The report indicated that Australian business conditions have climbed above its long-term average in September and reversed last months losses. The AUD/USD before the release was buying 0.7746 and jumped up 40 pips to 0.7786. Overnight the pair touched what is seen as resistance of 0.7797 but has since settled back down. Today sees the release of Westpac Consumer Sentiment for October but is unlikely to have an impact on the Aussie

Great British Pound

GBP / AUD

Expected Range

1.6830 – 1.7080

Majors

USD, EUR, JPY

Expected Range

N/A

New Zealand Dollar

NZD / USD

Expected Range

0.6970 – 0.7130

What are you waiting for?

If you need to make an internation payment, look no further. Join the 111,000+ clients around the world who are benefitting from our services.