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 Asian session is one of the three prominent forex trading sessions. While most traders focus on the other two…
AUD/USD extended its upside momentum today, climbing above 0.6370, as the USD weakened across the board. The move marks a…
Global banks are at a crossroads as interest rates lead to higher interest income but fears of a slowdown bring…
The Australian dollar pulled back against the US dollar, with the main catalysts being the upcoming American consumer confidence data,…
The AUD/USD sold off on Wednesday as the US dollar index (DXY) made a comeback after the latest Australian GDP…
The AUD/USD is off session lows but still trades in negative territory after giving up Wednesday's bounce. The situation leaves…
The AUD/USD has staged a recovery on the day, gaining 0.35% as the greenback's progress against major currencies stalls in…
The AUD/USD price retreated to the lowest level since August 10th after the latest RBA minutes. The AUD to USD…
The AUD/USD ended Tuesday's trading on a lower note, following Monday's 1.02% gain. This gain was triggered by higher iron…
The AUD/USD has recovered from earlier session lows and now trades 0.16% higher. This follows Tuesday's steep drop by 1.46%…
The AUD/USD is trading lower this Tuesday after touching off 4-week highs at 0.69831 ahead of the July inflation data.…
The AUD/USD is up 0.53%, as traders take profits from the USD strength of the last two weeks. This will…