The AUDUSD pair rose slightly in early trading, mostly because of the overall weaker US dollar. The pair rose even as the number of coronavirus cases in Australia continued to rise, putting the previous week’s recovery at risk. The pair is trading at 0.7164, which is slightly below last week’s […]
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)
The AUDUSD pair is down slightly today, in part due to the stronger US dollar and the rising number of coronavirus cases in Australia. The pair is off by about 0.50% while the US dollar index (DXY) is up by about 0.40%. The number of coronavirus cases in Australia has...
AUDUSD hovers to the highest level since April 2019 as investors continue to dump the USD on fears that the rising number of new coronavirus cases will halt the economic recovery in the country
Huge bearish divergence on the AUDUSD pair ahead of the NFP release
The AUDUSD pair is muted as traders reflect on the RBA interest rate meeting. The pair is trading at 0.7132, which is above yesterday’s low of 0.7075. RBA decision In the RBA interest rate decision delivered today, the bank left interest rates unchanged as most analysts were expecting. It also […]
The RBA releases its rate decision in a few hours. Sign up to get insight into how the bank's decision could impact the AUDUSD.
Traders' continued focus on the simmering tensions between the U.S. and China leads to a mixed start of August across Asia. In China, the Shanghai composite climbed by 1.20% while the Hang Seng index dipped by 0.70%.
The AUDUSD pair is little changed during the Asian session as traders reflect on the strong manufacturing PMI data from the country. The pair is trading at 0.7141, which is a few pips below Friday’s high of 0.7226. According to the Australian Industry Group, the country’s manufacturing index increased to […]
Bearish divergence on the AUDUSD pair
The gold price hit a new all-time high recently, and everyone sings the demise of the USD. The world’s reserve currency is at risk, according to many financial market participants. As the Fed keeps printing USD, the fear is that the dollar’s role in the international financial system will be […]