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Australian dollar dives as Westpac forecasts cut to interest rates
ozziepom posted a topic in Aussie Chat
Australian dollar dives as Westpac forecasts cut to interest rates OK, so 1.07 US and 1.51 GBP is hardly a dive but expectations seem to be shifting from higher interest rates to lower ones, while higher rates may be forced on the big Western economies and those waiting for a better time to exchange pounds may still be in for a very long wait - no-one knows. One thing that can't be argued is that this a big change in sentiment from a few months ago. Mods - consider not moving this to money & finance as very few people read that and exchange rates are important to a large number of people. Of course no paper currencies are really rising, they're just sinking against real money at different rates :wink: