Aussie dollar continues to bounce higher as US dollar weakens
In short AUD/USD moves higher after a surprise interest rate cut in the US AUD/NZD hits a 4 month high Stronger than expected Q4 GDP data released yesterday Time Open Low High Today 0.6625 In the last week 0.6464 0.6637 In the last month 0.6464 0.6771 The AUD/USD has bounced higher in the last 48 hours moving more than 1 cent higher against the US dollar. The gains have largely been driven by a weaker US dollar. Yesterday, the market was surprised when the US Federal Reserve held an emergency meeting and cut interest rates. It spooked markets, sending the […]
Interest rates fall in direct response to the coronavirus
In short The RBA cuts interest rates by 0.25% to 0.50% In the first paragraph of the statement, the central bank states that it “took this decision to support the economy as it responds to the global coronavirus outbreak.” The Australian dollar went up marginally but is still between 65 and 66 cents Time Open Low High Today 0.6555 In the last week 0.6464 0.6621 In the last month 0.6464 0.6770 The Reserve Bank of Australia cut official interest rates from 0.75% to a new historic low of 0.50%. It was in direct response to COVID-19 outbreak and they stated […]
AUD heads below 66 cents as virus fears grip markets
In short AUD USD falls below 66 cents for the first time since the GFC The Australian dollar has held up against the other major currencies Little economic data out this week Time Open Low High Today 0.6599 In the last week 0.6587 0.6706 In the last month 0.6587 0.6821 The AUD/USD has spent this week trading either side of 66 cents. It has been slipping lower against the US dollar for a few weeks as coronavirus fears increase. Interestingly, the Australian dollar has not fallen against all currencies. In fact, it has largely remained unchanged against the Euro, British […]
Currency in Luxembourg
A Travel Money Guide to Luxembourg Located in the heart of Europe, Luxembourg has a surprising number of drawcards, considering its petite size. Explore forests, castles, gorges, and quaint villages all within easy reach of the capital, Luxembourg City. To make the most of your trip to one of the richest countries in the world, you’ll want to be able to stretch your savings as far as possible. Did you know there are simple ways to save money just in the way you choose to pay? This guide will give you the lowdown on the currency of Luxembourg so you […]
Currency in Lithuania
A Travel Money Guide to Lithuania An off-the-beaten-path destination, Lithuania delivers a beautiful balance of stunning natural beauty and charming towns. You’ll soon find yourself wandering down the cobblestone streets of the capital Vilnius and winding your way through the country’s famous green forests. You’re in for a treat in Lithuania but to get more out of your stay, it’s always handy to be savvy about your money options. This guide will give you a total rundown of all things money-related in Lithuania, from the best currency exchange options to how to pay for things. You’re set to find out: […]
Currency in Latvia
A Travel Money Guide to Latvia This small Baltic country often flies under the radar but it’s one of Europe’s best kept secrets. Blessed with beautiful beaches, historic landmarks, and old-town charm, Latvia is a delight to discover. It’s natural to want to stretch your savings as far as possible to explore this stunning European country but if you’re not careful, you can fritter away a lot of your money on currency exchange fees and rates. This guide is here to help you understand Latvia’s currency situation so you can save where you can. You’ll become savvy about: The official […]
