The after effects of the Fed's rate hike saw a weaker US Dollar, opening the way for the New Zealand Dollar and the Australian Dollar exchange rates to dominate against the major currencies. The Pound Sterling has maintained its lead against the fluctuating Australian Dollar today, in spite of the only domestic data release not matching up to standards. The Confederation of British Industry (CBI) Reported Sales result for December has increased from 7 to 19, but this was a worse-than-expected result given the forecast of 21 that had been made by economists. According to Barry Williams, Distributive Trades Chairman of the CBI "It would be ideal if the industry could keep that momentum into the New Year but retailers know 2015 was tough, and they’re expecting 2016 to start in much the same vein." Recently a combination of US policy changes and struggling commodity prices have seen the Australian Dollar exchange rate struggling versus its currency peers. Before we continue with our analysis, here are some live forex rates for your reference: The Pound to Australian Dollar exchange rate: GBP/AUD converts at 2.056 The aus dollar to pound exchange rate today is trending at 0.486 AUD/GBP. The australian dollar to euro exchange rate: AUD/EUR conversion is 0.662. The aus dollar to us dollar exchange rate converts at 1 AUD is 0.724 USD. The australian dollar to new zealand dollar exchange rate today is trending at 1.061 AUD/NZD.

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