The AUD Dollar has been travelling reasonably well, as global economic conditions improve and support for Australian commodities gathers steam. The RBA has cited serious and stubborn inflation in the economy, and promises to extend their elevated interest rate levels, until these pressures can be extinguished. This will provide support for the AUD, as interest rate differentials become more attractive, relative to other global Central Banks, and their respective currencies. The AUD has looked to regain 0.6800, with support expected to continue.
The current interbank midrate is: AUDUSD .6798
The interbank range this week has been: AUDUSD .6720 – .6820