Aussie Dollar drops dramatically
A quick alert bulletin on the Australian Dollar
One of the major currencies saw substantial movement yesterday and you may wish to take advantage of this.
The Aussie dollar has had a rough ride on the currency markets for around a month. But the AUD dipped substantially yesterday against the US Dollar, Pound and the Euro.
Now could be a good time make your move as this slide has taken a very dramatic turn.
Yesterday:
- The Aussie dollar lost around 2 cents against the US Dollar.
- The Euro gained around 4.5 cents.
- The Pound gained around 4.4 cents
Just a month ago, the Aussie dollar was at 0.92 against the USD. It’s dipped today to 0.8356.
If you’d like to discuss how we can help you to buy, or sell Australian Dollars, please get back in touch soon. If you don’t have the full amount to trade now, but would like to buy straight away, we can do this by using a 10% deposit.
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Strong Japanese Yen, take advantage now
With Sterling so weak, and the Japanese Yen so strong, it´s not surprising that GBP to JPY has seen some spectacular moves.
At one point yesterday it touched 139.75, making a fall of nearly 7 percent in a week! It has since bounced back up to 142.00.
The Bank of England Governor, Mervyn King, has made it clear in the press and by other public statements that he wants the Pound Sterling to move lower.
Economic releases today include August mortgage approvals at 09.30 BST and from the US we are expecting the July housing index at 15.00 BST.
Buy or sell Japanese Yen, JPY, at the best rates here with NO COMMISSION, and NO Transfer Charges.
