Currency Note Worldwide

Australian dollar falls

By Callum Holmes May 4th, 2016

Commodity currencies struggled yesterday as crude oil slid over 2% to a one-week low. One of the nations who felt significant strain was Australia – and this was not the only thing to cause a negative effect on the Australian dollar. The cash interest rate, released early Tuesday, was cut for the first time in over a year to a level of 1.75%; the lowest this century. It is now currently the best time to transfer sterling into Australian dollars for over two months.

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