The Australian Dollar rallied yesterday after confident comments from their central bank hinting that there is an increased likelihood of an interest rate rise next month.
This is likely to make the Aussie get more expensive to buy as investors begin to move money into the southern hemisphere in the anticipation of greater yields.
This may be an opportune moment, if you need to buy Australian Dollars in the future, to consider the benefits of a forward contract which allows you to lock in and secure exchange rates for up to two years in the future.
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