Aussie and Kiwi Dollars: The Australian and New Zealand Dollars have also suffered at the hands of the Fed release. It seems that the Fed have taken another step closer in withdrawing economic stimulus measures, dampening demand for the riskier assets. Earlier in yesterday’s session the Aussie had been above 0.9000 against the Greenback and the Kiwi 0.7000, but both have now fallen below these big figures. AUD/USD begins the day at 0.8911 and NZD/USD starts at 0.6951. Sterling sees fresh new lows against the AUD and NZD. The ongoing negative data in the UK along with the positive outlook for the antipodean currencies sees why we are seeing 10 year plus lows for the pairings. GBP/AUD is currently at 1.7268 with GBP/NZD at 2.2130.
- I expect a range in the GBP/AUD rate of 1.7190 to 1.7380
- I expect a range in the GBP/NZD rate of 2.2030 to 2.2310
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