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% 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%, [...]
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 [...]
The Nikkei 225 was slightly higher in today’s trading by 54.3 points or 0.23% at 23,354.4. Meanwhile, the Hang Seng index is currently up by 280 points around 1.07% at 26,497.5. NZDUSD has also extended its gains. The currency pair is up roughly 17 pips from its opening price at [...]
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 [...]
The Australian dollar is paring some of its gains from yesterday on the wake of its disappointing GDP report today. AUDUSD opened at 0.6844 and was trading higher at 0.6852 before it fell 26 pips. As of this writing, the currency pair is trading at 0.6829. Australian Q3 GDP Misses [...]
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 [...]
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. [...]
The AUDUSD is going to have a pretty busy week as the second major news release for the week is set to be released at 3.30 am GMT on Tuesday December 3. This is when the Reserve Bank of Australia (RBA) will release its last interest rate decision for the [...]
