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

AUDUSD Testing the 50-Day MA Support

AUDUSD trades 0.13% lower at 0.6814 despite stronger Business Conditions data. The Australia Bank's Business Conditions came in at 4 topping estimates of 2 in November, while the Business Confidence came in at 0 in line with expectations. The House Price Index (quarter over a quarter) came in at 2.4%, [...]
AUDUSD Australian dollar

AUDUSD Higher on Trade Talks Positive Headlines

The Australian dollar trades higher against the US Dollar adding 0.20% at 0.6846  close to three-week highs supported by positive headlines from the China-U.S. trade negotiations. RBA kept the cash rate unchanged at it’s December 3rd meeting as it assessed that risks had lessened recently. The Australian economy has reached [...]
AUDUSD

AUDUSD Steady Despite Disappointing Forex News from Australia

The Australian dollar finished yesterday’s trading flat. AUDUSD initially sold off following worse-than-expected GDP numbers from Australia. However, positive data from China and disappointing US data allowed the currency pair to bounce back from an intraday low of 0.6812. By the end of the New York session, AUDUSD was at [...]
AUDUSD Australian dollar

Australia GDP Report: What It Could Mean for the AUDUSD

The Australia GDP report for the 3rd quarter of 2019 is scheduled for release at 12.30am GMT on Wednesday morning. The consensus is for Australia’s economy to have remained static at 0.5% growth rate on a quarterly basis, with an annualized growth figure of slightly less than 1.9%. This report [...]
AUDUSD

Market Brief – AUDUSD Outperforms, Nikkei Finished Lower

Asian indices were under selling pressure today after President Trump announced the return of tariffs to steel imports from Brazil and Argentina while threatened to impose tariffs to French products as a retaliation of French government taxes on U.S tech companies. The Nikkei 225 index finished 0.64% lower at 23,379. [...]