AUDUSD at 18-month lows. Plan for the new financial year now

AUDUSD at 18-month lows. 

Plan for the new financial year now…?

The Australian dollar starts the new financial year under heavy pressure, with rising US interest rates, a slowdown in China, and a cautious Reserve Bank of Australia all pressuring the AUD.    The AUDUSD is down 4.4% in less than a month as it hits new 18-month lows (source: Reuters)    The start of the new financial year is an opportunity to take stock of the previous year and to prepare for the next twelve months.   In particular, consider the potential risks in 2018/2019 and how you might protect your business from the unexpected.

 

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 use the services of Western Union and highly recommend them if you need assistance to 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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