Financial news and actionable analysis
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.
AUDUSD is trading higher in today’s Asian session, following an announcement from G20 leaders and more fiscal stimulus from Australia. As of this writing, the currency pair is leading gains among the majors. It is up by 0.57% or 35 pips, just below the 0.6100 handle.
AUDUSD Breaks Above 0.60 As RBA Injects Liquidity AUDUSD trades higher for the fourth consecutive trading session as the rebound from 13-year lows accelerates boosted from the QE announced by Fed and the White House reach an agreement for a $2 trillion stimulus package. Reserve Bank of Australia announced that...
AUDUSD trades higher for the third consecutive session as the rebound from 2003 lows is still intact boosted form the QE announced yesterday by Fed. The Australian dollar was under selling pressure since the coronavirus outbreak as investors dump Aussie dollar due to the extensive trade relationship with China....
After dropping to its lowest level since 2003 at 0.5957, AUDUSD seems steadier today following positive data and as risk improves. The currency pair is up by over 0.30% from its opening price at 0.6019. AUDUSD, 15-minute chart Read our Best Trading Ideas for 2020. According to data released by...
Asian Equities Steadier Today Japanese and Australian stocks posted modest gains in today’s trading after a few days of aggressive selling. The Nikkei 225 was up by 0.06% at 17,011.46. Meanwhile, the ASX 200 had a 5.83% profit for the day at 5,293.4. Meanwhile, the Hang Seng Index is still...
AUDUSD is currently trading at its lowest levels since October 2008 despite the FOMC cutting rates over the weekend and following China’s disappointing data. As of this writing, the currency pair is at 0.6175. Earlier in today’s Asian session, it fell to a new 11-year low at 0.6095....
