AUDUSD
In this section, you will find important AUDUSD news, actionable trading ideas, and a live Australian Dollar chart (AUDUSD) to help you understand the Forex markets better.
AUDUSD is also known as Aussie between forex traders, is the ticker symbol in FX markets that represents how many US dollars you can buy with one Australian dollar. The price of the pair is affected by changes in both economies and could be affected by changes in monetary policy from the Reserve Bank of Australia and the Federal Reserve (FED). The Australian dollar was floated in 1983, and its value closely tracks commodity prices and the Australian Terms of trade. The Australian Dollar’s strong link with commodity prices is because Australia is one of the worlds biggest exporter of commodities such as liquefied natural gas, coal, iron ore, aluminum ores, wheat, and beef.
The Aussie is one of the most liquid traded forex pairs in the global markets, and its fluctuations affect many companies around the world. More than three-quarters of Australia’s exports are to Asia, and Aussie is therefore often used as a proxy bet on Asia, and in particular China. If Asian currencies (Yen, Hong Kong Dollar, Baht etc.) are under downward pressure, in general so is the AUDUSD.
Live AUDUSD Chart
Australian Dollar News (AUDUSD)
AUDUSD trades 0.13% higher at 0.6783. Investors closely watch the RBA and a speech by Governor Lowe later this week, as it kept its official cash rate on hold at 1.00%, as widely expected earlier this month. In the daily chart the pair today is testing the support at 50 [...]
AUDUSD trades 0.22% higher at 0.6787. Investors closely watch the RBA as it kept its official cash rate on hold at 1.00%, as widely expected earlier this month. AUDUSD consolidates above recent lows following a bullish hammer formation the previous week that suggests that the pair has found a strong [...]
AUDUSD trades 0.29% lower at 0.6776 after the Westpac Consumer Confidence climbed from previous -4.1% to 3.6% in August. China Retail Sales (YoY) came in at 7.6% below expectations of 8.6% in July, the Industrial Production (YoY) registered at 4.8%, below expectations (5.8%) in July. AUDUSD consolidates at 0.6776 following [...]
AUDUSD trades 0.17% higher at 0.6760 helped by better Business Confidence, which came in at 4 above expectations of 3 in July. The Australia National Australia Bank's Business Conditions came in at 2 topping forecasts of 1 in July. AUDUSD digest the rebound from the 10 year lows at 0.6676 [...]
As we approach mid-day in London, some clear trends are emerging, and they point towards risk-off and flight to safety. The USDJPY and AUDUSD are lower, and so is the DAX 30, and US stock market futures. Emerging market currencies as the South African Rand and Turkish lira are all...
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AUDUSD trades 0.10% higher at 0.6810 helped by better China Consumer Price Index (Year over Year) which came in at 2.8%, above expectations of 2.7% in July, the Producer Price Index (Year over Year) came in at -0.3% below expectations of -0.1% in July. The Reserve Bank of Australia kept [...]
AUDUSD trades 0.21% higher at 0.6770 breaking the 14 straight negative trading helped by better China trade data. AUDUSD was under heavy selling pressure after neighbor New Zealand’s central bank yesterday, cut aggressively the OCR by 50bp to 1.00%, while the market forecasting a 25bp cut. The Reserve Bank of [...]
AUDUSD continues south for 14 straight trading sessions giving up 0.53 percent at 0.6724, after neighbor New Zealand’s central bank cut aggressively the OCR by 50bp to 1.00%, while the market forecasting a 25bp cut. The Reserve Bank of Australia kept interest rate unchanged yesterday at 1.00% at a record [...]
