Invest
‘Perfect storm’ approaching for Aussie dollar
Investors are being warned that the Australian dollar is likely to experience its most volatile month in over a decade.

‘Perfect storm’ approaching for Aussie dollar
Investors are being warned that the Australian dollar is likely to experience its most volatile month in over a decade.

Ellis Taylor, currency specialist at foreign exchange firm World First, said Britain’s referendum on European Union (EU) membership and a possible increase in US interest rates are possible causes of a depreciation of the Australian dollar.
“Over the last month we have seen the volatility in the Australian dollar mount as the two crucial decisions build uncertainty in world markets,” he said.
The pairing of a US rate rise and a British departure from the EU could see the Australian dollar fall below 70 US cents, he said.
According to Mr Taylor, a rate rise in the US is likely to occur “over the next three months”, following improvement in the economy and job market and rising inflation.
Mr Taylor did, however, note that full time employment in Australia is reaching record highs and the price of crude oil is recovering, both working to keep the value of the Australian dollar high.
The likelihood of a Brexit is difficult to determine, but its potential impact on the financial services industry would be immense.

Cash
Tips to finding a middle ground between equities and term deposits
With record-low interest rates and a volatile sharemarket, mature Australians looking to protect their assets while maintaining their income are being driven to fixed-income products, an industry expe...Read more

Cash
What’s next for paper money?
How many times in the past week have you actually had to pull out your wallet to pay for something? And out of those times, did you actually go to use cash? ...Read more

Cash
Last rate day of the year revealed
The Reserve Bank of Australia has announced its decision on the official interest rate for December, following predictions of a hold. ...Read more

Cash
RBA hands down rate decision on cup day
The Reserve Bank of Australia has announced its decision on the official interest rate this month, following predictions of a potential cut to rates. ...Read more

Cash
RBA hands down rate decision for Budget day
The Reserve Bank of Australia has announced its decision on the official interest rate this month, following predictions of a potential cut to rates. ...Read more

Cash
New $100 banknote rollout a ‘big logistical exercise’
The Reserve Bank has announced a release date for its much-anticipated new $100 banknote. ...Read more

Cash
Big 4 banks forecast October rate cut
Two of Australia’s largest financial institutions believe the Reserve Bank of Australia will reduce rates on 6 October to help support the federal budget due out the same day. ...Read more

Cash
RBA open to new record-low rate
The Reserve Bank has flagged the possibility of a rate adjustment, albeit a small possibility, as the country recovers from the COVID-19 pandemic. ...Read more

Cash
Tips to finding a middle ground between equities and term deposits
With record-low interest rates and a volatile sharemarket, mature Australians looking to protect their assets while maintaining their income are being driven to fixed-income products, an industry expe...Read more

Cash
What’s next for paper money?
How many times in the past week have you actually had to pull out your wallet to pay for something? And out of those times, did you actually go to use cash? ...Read more

Cash
Last rate day of the year revealed
The Reserve Bank of Australia has announced its decision on the official interest rate for December, following predictions of a hold. ...Read more

Cash
RBA hands down rate decision on cup day
The Reserve Bank of Australia has announced its decision on the official interest rate this month, following predictions of a potential cut to rates. ...Read more

Cash
RBA hands down rate decision for Budget day
The Reserve Bank of Australia has announced its decision on the official interest rate this month, following predictions of a potential cut to rates. ...Read more

Cash
New $100 banknote rollout a ‘big logistical exercise’
The Reserve Bank has announced a release date for its much-anticipated new $100 banknote. ...Read more

Cash
Big 4 banks forecast October rate cut
Two of Australia’s largest financial institutions believe the Reserve Bank of Australia will reduce rates on 6 October to help support the federal budget due out the same day. ...Read more

Cash
RBA open to new record-low rate
The Reserve Bank has flagged the possibility of a rate adjustment, albeit a small possibility, as the country recovers from the COVID-19 pandemic. ...Read more