Australian Interest Rates

It was confirmed last night that as expected the Reserve Bank of Australia (RBA) kept interest rates on hold at 2.5% as they continue through their period of interest rate stability. The interesting point was that the RBA noted the high value of the Australian Dollar and attributed it to the recent fall in commodity prices and these comments in my opinion have meant that we are likely to see continued Australian Dollar volatility meaning if you need to either buy or sell Australian Dollars it will be absolutely vital to stay in close contact with your currency broker here at Foreign Currency Direct plc so they can keep you informed of all the latest news.

Euro Exchange Rates

This morning the key economic data are the latest inflation figures from the Eurozone in the form of Consumer Price Index data and unemployment number which are predicted to hold steady although if either of these data sets, especially the inflation numbers come out worse than expected we could see some major Euro weakness and therefore some excellent opportunities to buy EUR. So, if you need to buy Euros and would like to be kept informed of all the latest developments please call us today on 01494 725353 or alternatively email us on info@currencies.co.uk