Good morning,
The value of the US dollar has dramatically fallen today. There are noticeable losses in GBPUSD which now trading back at 1.30, having lost 1.1% in 24 hours. EURUSD in similar fashion has retreated nearly a cent as price lies just short of 1.17. Gold, the natural counter hedge to dollar weakness is up 2.2% since 29th October.
The latest RBA meeting has come and gone and for those who make or receive payments in Australia will have noticed a stronger Dollar. Negative rates are off the table for now, but a similar story was told a few months back with little appetite to see rates drop below 0.25%. If needed, they will step in and purchase more bonds, with roughly 15% of Gov bonds currently belonging to the RBA.
Have a great day. 
Author: Alistair Hutson, Head of Relationship Management
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