Currency Note Worldwide

Good news for the Australian Dollar

By Ricky Bean February 23rd, 2016

Yesterday was a strong day for the Australian Dollar as it climbed over 2% against sterling. After hitting a seven-year low in January, the Antipodean currency has increased its value by 5% thanks to the restoration of confidence in their labour market. This has allowed the central bank to extend the nine month stretch of unchanged interest rates. The Private Capital Expenditure data will be released on Thursday, and this is expected to be three times better than last quarter’s figure; such a result would certainly bolster the Australian dollar further

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