Currency Note Worldwide

Australian dollar benefits from higher than expected inflation

By Smart Currency January 28th, 2015

Although the Australian dollar has been out of sorts recently, this morning it gained significant ground as core inflation was higher than expected. This increases the likelihood that interest rates will not be cut at the Reserve Bank of Australia (RBA) meeting on the 3rd February

The Canadian currency remains around five-and-a-half years lows. The reason behind this is due to oil prices and some investors believe Canada may cut interest rates again, putting further pressure on the currency.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.