Find jobsRegionsCareer adviceMoving guideNews Register Login Post a Job

Warning: preg_match(): No ending delimiter '/' found in /home/workipe6/public_html/wp-content/themes/winau/header.php on line 323
  • Home
  • Find jobs
  • Locations
  • Career advice
  • Moving guide
  • News
  • My account

Australian Dollar News: AUD Exchange Rates Up as Confidence and Loans Rise

Posted on April 23, 2018April 24, 2018 by admin

The Australian Dollar has been a relatively stable currency, for the most part, this week, with commodities news and domestic data serving to keep demand for AUD elevated.

This Week’s Australian Dollar Exchange Rates:

Pound Sterling to Australian Dollar (GBP/AUD) –

Week’s High: 1.7219

Week’s Low: 1.6892

US Dollar to Australian Dollar (USD/AUD) –

Week’s High: 1.3155

Week’s Low: 1.2948

Euro to Australian Dollar (EUR/AUD) –

Week’s High: 1.4594

Week’s Low: 1.4442

New Zealand Dollar to Australian Dollar (NZD/AUD)

Week’s High: 0.9377

Week’s Low: 0.9309

Posted in News

Australian Dollar Boosted by Chinese Iron Ore Demand and Rising National Confidence

One of the biggest sources of support for the Australian Dollar has been major trade partner China, which started the week off on a positive note by posting the second highest recorded level of demand for iron ore imports in July.

In addition to this good news, the ‘Aussie’ also appreciated in the eyes of investors when the Westpac consumer confidence change for August was announced; this rose from -3% to 2%.

Closing off recent data out of Australia has been Reserve Bank of Australia (RBA) Governor Glenn Stevens, who has ended his tenure with the central bank by reiterating that national policy is essential to managing an economy, rather than just relying on monetary policy offered by central banks.

AU Inflation Estimate and Domestic Credit Data Ahead

The next major data out of Australia will arrive shortly, when the Australian consumer inflation expectation for August is announced; this previously came in positively at 3.7%. Naturally, a rising figure is expected to generate a better performance for the ‘Aussie’ than a falling one.

Following on from this on Friday will be last Australian data of the present week, the low-impact credit card purchases and balances results for June. US interest rate hike expectations will also continue influencing Australian Dollar demand. If the odds of a rate hike in September continue falling AUD may rally further still.




Related Content

  • Sending Money to Australia? Look into Your Currency Transfer Options
  • Currency Transfers: Can you Make your Australian Dollars go Further?
  • Australian Dollar News: AUD Weakened by Contracting Chinese Imports
  • Australian Dollar News: Damp Market Sentiment Weighs on AUD
  • Australian Dollar News: Mixed Australian Inflation Data Sees AUD Dip


Thank you! We have received your request.

Get job alerts straight into your inbox.





About Working In Australia

We’ve been helping people get a good job in Australia for over a decade. It’s what we care about the most! Get started today.

Job seekers

  • Login / Register
  • Job search
  • Companies hiring
  • Get job alerts
  • Contact us

Recruiting

  • Register
  • Existing customer login
  • Advertise a job
  • Products and services

About us

  • About Working In
  • Why use Working In
  • Contact us
  • Privacy policy
  • Terms & conditions

Our network

  • Working In New Zealand
  • Working In Business

Copyright - Working In Australia