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Justin Rampono
Articles written by Justin Rampono
Australian Dollar rises off the canvas after the RBA keeps rates on hold
In short The RBA left interest rates on hold The statement that followed the decision was upbeat, helping the Australian dollar rise More reports and speeches from the RBA later in the week Time Open Low High Today 0.6737 In the last week 0.6684 0.6777 In the last month 0.6684 0.6955 The Aussie Dollar bounced back from 10 and a half year lows on Monday to move higher on Tuesday. The local currency bounced as soon as the RBA announced that official interest rates would remain at 0.75%. What helped drive the Australian dollar higher was the upbeat statement that […]
Currency in Belgium
A Travel Money Guide to Belgium Belgium has made a huge impact on the gastronomical scene, from chocolate and beers to Belgian fries and waffles. But there aren’t just gourmet delights to savour. This little country is home to beautiful castles and forts, famous battlefields, charming towns like Ghent and Bruges, and the unofficial capital of the European Union: Brussels. What currency is used in Belgium? The euro is used in Belgium and has been the official currency ever since it replaced the Belgian franc on 1 January 1999. Belgium joins 19 other countries in the eurozone – the region […]
The Australian Dollar sinks ahead of RBA meeting on Tuesday
In short The AUD/USD sinks below 67 cents for the first time in almost 11 years AUD/EUR is just above 0.6000 and the AUD/GBP just above 0.5000 The RBA meeting on Tuesday Time Open Low High Today 0.6686 In the last week 0.6686 0.6816 In the last month 0.6841 0.6955 It’s shaping up as another tough week for the Australian dollar. At the end of last week, the AUD kept falling. As soon as markets opened Monday morning, the trend continued as the AUD/USD hit a fresh 10 year low below 67 cents. The AUD/EUR remains just above 0.6000 while […]
Australian dollar falls close to its lowest point in over 10 years
In short The Australian dollar fell again overnight The AUD/USD is close to it’s lowest point in 11 years The local currency is also falling against the Euro, Japanese Yen, British Pound and New Zealand Dollar Time Open Low High Today 0.6716 In the last week 0.6704 0.6853 In the last month 0.6704 0.7046 The Australian dollar hit 0.6704 this morning against the US dollar. While the AUD has been falling for a while, it hasn’t been this low in almost 11 years. The AUD to USD exchange rate is at it’s lowest point since the Global Financial Crisis in […]
Surprise reaction to inflation data as interest rate cuts look unlikely
In short Strong inflation data released in Australia yesterday Markets now pricing almost no chance of an interest rate cut in February Inflation could increase as a result of the Australian bushfires Time Open Low High Today 0.6749 In the last week 0.6738 0.6877 In the last month 0.6738 0.7046 Yesterday, inflation figures released to the market failed to move the Australian dollar exchange rate. The figures implied that inflation has stopped falling. Despite this, it still remains below the RBA’s target of 2-3%. Why inflation figures can have an impact on the Aussie dollar One of the biggest […]
How the Coronavirus is impacting the Australian Dollar
In short The Coronavirus or COVID-19 has had a negative impact on the Australian dollar in many different ways Markets are reacting in a similar way to the SARS outbreak As the threat increases, the AUD is likely to remain under pressure Time Open Low High Today 0.6762 In the last week 0.6741 0.6877 In the last month 0.6741 0.7046 The Australian dollar has once again fallen on fears of the coronavirus spreading further. Here’s how it has performed in the last week: The AUD to USD exchange rate is down 1 cent to 0.6764 The AUD to EUR exchange […]
