by Damian -
The Australian Dollar outlook is finely balanced at the moment but the need for the RBA to not cut rates further will help its cause.
The Pounds to Australian dollar rate is currently 1.8300 and Euros to Australian Dollars still around the 1.5500.
Although the Rate Hikes may not happen the Aussie Dollar may not rally as expected though as the economy needs to rebalanced and will be affected by the demand for mining from China. Russia will also way heavily of the Australian Dollar as it is a “risk” currency and the continued Russia vs the West tensions will see Australian Dollar sales in favor of the GBP, USD, EUR and JPY.