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