Budget drives aussie dollar up against it, not down. In the past year, the Australian dollar has risen from a peg of US$1.31 to the AUD$1.47, rising from USD$1.31 to AUD$1.49, and falling to US$1.28 to AUD$1.50 for the US dollar against the euro. The dollar continues to move in tandem with the US and euro – a trend we predict will continue as the US and ECB continue their policy shift. The US dollar also remains under pressure, as we anticipate that the Fed’s rate hike on 5/17 will bring it close to 4.0%, and therefore, will lead to a strong reaction from the European markets.
The recent rally in the Australian dollar has been dr우리카지노iven by the fact that there is more cash in the economy. As of July 1, there were approximately A$45 billion of cash and assets in the country, which equates to A$3 trillion, and this has created a greater demand for financial services in Australia.
Given the strength of the Australian dollar, we expect the euro to appreciate as well.
The recent strengthening of the Australian dollar has also sparked the strong Australian dollar appreciation against the US dollar and the euro. As we expect the exchange rate of the US dollar to remain low for a few months longer, we believe that a weaker Australian dollar will allow for the rise in euro value. The strong Australian dollar and high rate of appreciation of the Australian dollar will result in a higher exchange rate for Australian exports and imports. These currencies have a relatively high effective exchange rate vis a vis the euro.
The Australian dollar appreciation against the euro against the backdrop of weakening and possibly even negative interest rates in the United States and Europe has attracted the attention of a number of European and Australian financial sectors. These are currently holding steady or have already sold currency to other markets. The move by the banks into the Australian dollar seems to be part of a long term strategy, as these financial businesses 바카라are more focused on other asset classes and are reluctant to invest in a fixed currency, like the Australian dollar. A weaker Australian dollar will likely push the dollar lower against the Swiss franc and the Brazilian real, and with it, the value of the euro against the AUD$1.40. As the exchange rate of the AUD$1.40 against the Australian dollar falls to more favourable levels, we believe a strong Australian dollar, driven by strong economic growth, more global바카라사이트 supply, and growing competition for resources, will attract and retain interes