Australian Dollar extends gains above US74.5c

The Australian dollar was trading at its highest levels in a month Thursday after the greenback slumped amid fresh skepticism in global markets about the Trump White House’s economic policy intentions.

The gains make the Australian dollar one of the best-performing global currencies at the moment, a reversal of recent weakness.

Further support for the Australian dollar is coming from high commodity prices, including stronger iron ore and oil, traders said.

Aside form a stronger Dollar providing Australians with increased international buying power, one critical aspect to focus on is the cost of transferring funds.

With traditional banks often charging more than 5% plus fees for international payments, finding a competitive payments provider could save significant amounts of cash.

Read the article in The Australian.

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