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 trades 0.07% higher for the third consecutive trading session at 0.6829, as the pair made yesterday a convincing break above the descending trendline which started back in July 2019 and above the 50-day moving average. Investors cheered the Brexit agreement and phase one of the trade deal between US [...]
AUDUSD trades 0.28% lower for third consecutive trading session at 0.6733, as the pair failed to break above the descending trendline which strated back in July 2019. Investors turn cautious on phase one of the trade deal between US and China. AUD is still under the bearish influence of the [...]
The CFTC Positioning Report, also known as the Commitment of Traders (COT) report for the week ended October 4 reports a drop in the net USD long positions for the first time in 8 weeks. However, levels are still seen to be high. The net Euro short positions were also [...]
AUDUSD trades 0.58% higher at 0.6763, snapping three consecutive days of losses rebounding from daily lows at 0.6709. Improved sentiment ahead of trade talks between US and China in Washington helps Australian Dollar to reach four-day highs. AUD is still under the bearish influence of the interest rate cut by [...]
AUDUSD trades 0.30% higher at 0.6752, recovering yesterday’s lows after three consecutive positive days rebounding from 10-year lows. On the data front, the pair getting a hand from Australia business confidence, which came in at 0 the previous reading was 1 while the business conditions came in at 2 from [...]
AUDUSD trades 0.21% lower at 0.6753, after three consecutive positive days rebounding from 10-year lows. On the data front, the Australia AiG Performance of Construction Index came in at 42.6 from previous 44.6 to in September. AUDUSD hit 10-year lows after the RBA cut interest rates by 25 basis points [...]
With virtually no domestic economic indicators for the week, the AUDUSD will look to the US-China trade talks for direction this week. Banks in China are observing the last day of the week-long independence celebration in the Mainland. Markets closed for the week on Friday in risk-on mode. This was [...]
AUDUSD trades 0.19% higher at 0.6756, continuing for third day the rebound from 10-year lows getting a hand from disappointing US ISM Manufacturing data. The pair hit 10-year lows after the RBA cut interest rates by 25 basis points to 0.75% last week. RBA left the doors open for further [...]
AUDUSD trades 0.34% lower at 0.6681, making fresh 10-year lows as the pair cancels the short-lived rebound after yesterday’s worse-than-expected US ISM Manufacturing data. The pair today resumes the downtrend which started after the RBA cut interest rates by 25 basis points to 0.75%. The dovish stance pressures Aussie to [...]
AUDUSD trades 0.70% lower at 0.6702, making fresh monthly lows after RBA cut interest rates by 25 basis points to 0.75% as widely expected by markets. RBA left the doors open for further cuts in the future as the Australian economy is at “a gentle turning point”. Reserve Bank of [...]
