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

Preview of Australian Employment Change: What Happens to the AUDUSD?

We have the Australian employment data due for release at 12.30 am UTC. The figures for reference are shown below: Australian Employment Change: – 38K (expected); 111.0K (previous) Unemployment rate (7.0%) expected; 6.8% (previous) Westpac notes that last month’s figures, which beat market expectations, were as a result of of […]

AUDUSD

AUDUSD and the Pivotal 0.70 Level – Levels to Consider

Ever since it broke above 0.7 level this summer, the AUDUSD pair did not look back anymore. It reached a high of 0.7414 before correcting close to 0.7 again. The price action reveals the importance of the round number for the pair. But it also shows a strong correlation with […]

Preview of the RBA Decision: Implications for the AUDUSD

The next monetary policy update from the Reserve Bank of Australia comes up on Tuesday at 03:30 GMT. The RBA is expected to keep rates on hold in a continuance of its 3-year static rate timeline, but there could be some dovishness from the accompanying rate statement. A lot of […]

AUDUSD

AUDUSD Pulls Back After Trump-Biden Debate – What Next?

The AUDUSD pair has turned lower today as traders reflect on the relatively stronger dollar. The pair has ignored the relatively strong manufacturing PMI data from China and the strong house price index data from Australia. It is trading at 0.7115, which is lower than the day’s high of 0.7140. […]

AUDUSD

AUDUSD Eyes 0.7000 Ahead of a Big Week for the U.S. Dollar

AUDUSD was lower again today after the U.S. dollar shrugged off weak durable goods orders to find strength and the pair is now trading at 0.7020. Next week will be a big week for the dollar with consumer confidence, inflation numbers, and manufacturing PMIs; all coming before Friday’s Non Farm […]