The Big events for the Australian Dollar this week


In short

  1. It's been a quiet start to the week with little movement on currency exchange rates
  2. The head of the RBA speaks today which may move the Aussie dollar
  3. The US Federal Reserve sets interest rates this week with no change expected. Britain goes to the polls

AUD to USD exchange rates

Time Open Low High
Today 0.6826
In the last week 0.6815 0.6859
In the last month 0.6756 0.6863

Yesterday, the head of the Reserve Bank of Australia, Dr Philip Lowe gave a speech about payment systems. While the speech was interesting, it didn't contain any indication on the outlook for interest rates so there was nothing for the financial markets to consider.

The Australian Dollar has barely moved since the start of the week. It has barely moved against any of the major currencies with no major news to analyse so far.

The rest of the week could be different.

In the US and Europe, central banks will be meeting to set official interest rates. In both instances, no change is expected however the statements that come with the decision could move either the AUD/USD or AUD/EUR exchange rate.

Closer to home, the RBA releases a bulletin which should include their view on the economy. Westpac gives us customer confidence figures with most expecting the recent falls in confidence to continue.

Up Next

Country Day Event
United Kingdom Tuesday Gross Domestic Product (GDP)
Australia Wednesday Consumer Confidence Figures
China Wednesday Consumer Price Index (CPI)
USA Wednesday US Fed Reserve Interest Rate Decision
Eurozone Thursday ECB Interest Rate Decision
United Kingdom Thursday General Election
Eurozone Thursday Gross Domestic Product (GDP)
USA Friday Retail Sales
Updated: Posted on