Currency update AUD vs USD

Looking into the AUD vs USD currency we might be upon a great time. For long the Australian dollar have been at ground level prices versus the United States counterpart with lows around 0.74 (the rate was about 0.98 last year during this time.).

We might see a climb again, but it all depends on Reserve Bank governor Glenn Stevens. If the interest rates are left untouched while the US will stay the same until September, this summer/winter might be very fruitful for overseas traders.

Again, the next board meeting is scheduled next week, so be on the lookout for that. I for one enjoyed watching the AUD nimble close to the 0.81 again.

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