AUDUSD falls 1.0% after Fed hikes, ups forecasts

The Australian dollar has fallen sharply this morning, before later recovering, after the US Federal Reserve raised US interest rates and increased its policy projections. The central bank now expects two more rate hikes in 2018.

 

The AUD could face further volatility with Australian jobs numbers due at 11.30am (AEST) and the key European

Central Bank meeting at 9.45pm.

 

Contact your financial institution to assess your currency exposures and help you manage the potential risk to your business by implementing an effective hedging strategy.

SOS highly recommend Western Union To help manage your FX payments.

 

Western Union Sydney, Melbourne and Brisbane dealing desks are now open to help you manage your FX requirements.

You can contact us on these numbers:

Sydney: 1300 732 568
Melbourne: 03 9282 0333
Brisbane: 07 3229 5500
Perth: 08 6214 2100 (from 7.00am local time)   

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