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.
The AUD/USD pair continues to hover around the highs. At this point, 0.78 is key to further advance, as the pair may have formed either a bullish flag, or a double top at the level. The new trading week started on the same note as the previous one ended – […]
The AUD/USD is holding steady after the relatively strong economic data from Australia. The AUDUSD is trading at 0.7773, which is slightly higher than this week’s low of 0.7657. What happened: The AUD/USD is reacting to the strong employment numbers that were released earlier today. The data showed that the […]
The AUD/USD has declined for the second straight day after the data dump from China. The AUDUSD is trading at 0.7788, which is substantially below the year-to-date high of 0.7826. What happened: The Chinese Bureau of Statistics published important economic numbers from the country earlier today. In general, the data […]
The AUDUSD relentless rise from the 2020 lows continues so far in the new year. Yesterday, the pair rose almost one hundred points during the North American session as Fed’s Brainard talked the dollar down. If anyone is interested in understanding direct correlations between the stock market and the FX […]
The AUD/USD is down by more than 0.30% even after some strong economic data from Australia. The AUDUSD is trading at 0.7560, which is lower than this month’s high of 0.7638. It is also a bit higher than yesterday’s low of 0.7457. What happened: The Australian statistics agency released relatively […]
The AUD/USD is down for the third consecutive day as traders react to the latest minutes of the Reserve Bank of Australia (RBA) and economic data from China. The pair is trading at 0.7520, which is a few pips below the YTD high of 0.7575. What happened: Earlier today, the […]
The AUDUSD started December on a high note after the impressive China PMI data and the hawkish RBA interest rate decision. The pair is trading at 0.7365, which is higher than the overnight low of 0.7338. In its final interest rate decision of the year, the RBA did what most...
The AUDUSD is holding steady ahead of the Reserve Bank of Australia (RBA) interest rate decision. The pair is also reacting to the impressive China manufacturing PMI data. It is trading at 0.7387, which is the highest it has been since September. The RBA started its monetary policy meeting today...
AUDUSD is consolidating after strong gains on Tuesday ahead of tomorrow's Reserve Bank of Australia interest rate decision. The bank are unlikely to move again after last month's record cut to 0.1%.
The USD is trashed across the board, and the AUDUSD pair reflects it perfectly. The pair rose lately together with the EURUSD and the GBPUSD, to name just a couple of other USD pairs. In fact, the rally started with the US Election Day on November 3rd and kept going. […]
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