Send Payments International Currency Update 26th August 2024

Send Payments International Currency Update 26th August 2024

In the news! ๐ŸŒ โ€“ Market conditions and what to look out for this week ๐Ÿ—“๏ธ

AUD/USD 

  • Fed Chair Jerome Powell said the "time has come" for interest rate cuts.

  • The US Dollar (USD) will likely remain under pressure after US Federal Reserve Chairman Jerome Powellโ€™s dovish Jackson Hole speech. 

  • The US Durable Goods Orders for July are due later on Monday.

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