As you might expect, we cover the latest developments in the currency market – reporting on movements in major currencies like the Australian Dollar (AUD), British Pound (GBP), US Dollar (USD) and New Zealand Dollar (NZD).
Exchange rates are always moving, with some shifting by as much as 10% in a matter of weeks. With factors like political events, economic releases and even environmental disasters having an impact on the value of currencies, staying on top of the latest news is crucial if you want to get the best return when moving money overseas.
For that reason, our foreign exchange experts use fundamental analysis to gauge how currencies are reacting to current events and how they might perform in the future. Our forecasts mainly focus on the following currency pairings: AUD/GBP, AUD/USD, AUD/NZD and AUD/EUR.
The Australian Dollar is known as one of the ‘major currencies’, meaning it’s one of the world’s most traded currencies. While domestic economic data can have a notable impact on AUD exchange rates, the currency is also ‘commodity correlated’ – meaning it moves in reaction to changes in the price of key Australian commodities like iron ore. As the Australian Dollar is also considered a higher risk currency, it tends to depreciate in times of general uncertainty or when demand for safe-haven currencies (like the US Dollar) is higher.
The aim of our currency news is to provide our readers with the market insight necessary to make an informed decision when moving money abroad, but it should not be taken as advice. All articles are opinion-based and should be treated as such. If you have any questions about any of the news we’ve covered, please get in touch.