Asian stocks trading on positive foot recovering from early losses on profit taking ahead of NFP report later on the day. Asian markets rallied during the week on recovery hopes after the coronavirus crisis.
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 Leads Losses Despite Positive Australian Reports. Why?
AUDUSD Taps New 2020 Highs But Gives Up Gains After Australian GDP Report
AUDUSD rallied to its new year-to-date highs early on in today's trading. However, the currency pair gave up some of its gains after the release of Australia's GDP report.
Australia GDP Preview: Implications for the AUDUSD
AUDUSD Unchanged as RBA Kept Rates Steady; Here are the Levels to Watch Out For
AUDUSD Rallies to Its 16-Week Highs on USD Weakness, China PMI Reports Mixed
AUD Suffers As US and China Trade Barbs Over Hong Kong Security Law
The Australian Dollar is trading lower on the day as US-China tensions over Hong Kong escalated on Wednesday with threats and counter threats on both sides. The US President Donald Trump has promised to take decisive action against China this week over the new National Security Law proposed by China, [...]
Market Brief: Asian Markets Mixed, AUDUSD Stalled at the 200-Day SMA
Asian markets finished mixed amid rising tensions between China and the USA after yesterday President Trump said he plans to take action against China this week over the national security laws on Hong Kong
Market Brief: Asian Stocks Slide, AUDUSD Lower As Fitch Cuts Outlook
AUDUSD Falls to Critical Support as RBA Governor Lowe Hints at the Possibility of Further Easing
Q2 Global Market Outlook
Published: April 1, 2020 | Authors: Alejandro Zambrano, Martin Lam, and Cameron Bowen.
GLOBAL MARKET OUTLOOK Q2, 2020
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