Those looking for a good rate to buy Australian Dollars were thrown a rare opportunity by markets on Thursday after the currency suddenly weakened following below-par jobs data.
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The Australian Dollar is rallying against the U.S Dollar and starting to make gains versus the pound, as central banks across the world steadily converge on a more dovish track.
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Pound to Australian Dollar in the balance although Brexit concerns could tilt the bias in favour of the antipodean half.
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Business Conditions softened for the third month in a row after the release of Business Confidence in January; ANZ provide their analisis of the data.
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New Home Sales on Tuesday starts off the week, and given the current focus on house prices are likely to be closely monitored by analysts.
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Data showing an extreme widening of the Trade Deficit as well as poor Services sector growth could lead the Reserve Bank of Australia to start easing again, which would weigh on the Aussie.
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Will they or won’t they? We ask whether the Reserve Bank of Australia will cut interest rates that could potentially undermine the Australian dollar in 2016.
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