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Market Update: Thursday 9th November 2016 6.45 pm
Donald Trump has been confirmed as the next President of the United States of America. This result has surprised global markets, who were forecasting a safe win for Hillary Clinton. We’ve been warning our customers about currency volatility and the early reaction by global markets and immediate drop in the Aussie dollar has been swift.
The Aussie was quite high before results began coming through. By Wednesday afternoon the initial results coming in saw an immediate drop in the AUD, not only against the US Dollar, but also against the British Pound and the Euro.
What will happen next?
We are expecting continued volatility in markets overnight as the US markets open, and further changes in exchange rates tomorrow as global markets then react to the result.
We will keep this page up to date through the day as things change, so check back here later for an update.
ALERT! Due to the immediate demonetisation of the 500 and 1000 Indian Rupee (INR), INR cannot be purchased online via Travel Money Oz. If you would like to purchase notes other than 500 and 1000, please visit your nearest Travel Money Oz store. Please note Travel Money Oz will be accepting 500 and 1000 notes in store until COB Friday 11 November, 2016.
When is the best time to buy my currency?
What is going to happen to the USD/AUD?
Will my local Travel Money Oz store have enough cash stock available during and after the election?