AUDUSD struggles at the higsh and trades with a bearish tone.
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.
The AUDUSD pair is little changed today as traders reflect on the strong trade data from China and the mild...
AUDUSD slide for the fourth consecutive trading day, as the risk-off sentiment returns, with investors taking profits in stocks and other risky assets after the recent rally.
The AUDUSD pair is in its third consecutive day in the red today as traders react to the weak services...
The AUDUSD pair is off the highs as the Australian GDP missed expectations. Moreover, a Doji candlestick, a bearish pattern,...
The AU GDP is expected to drop -6.0%. Check out how the AUDUSD may respond by signing up to read the article.
The AUDUSD pair rally continued in early trading as traders digested the Reserve Bank of Australia (RBA) interest rate decision...
The AUDUSD pair continues its march higher. Following the Fed’s decision to target average inflation, the pair made a new...
The AUDUSD pair is one of the currency pairs that outperformed so far in the pandemic. Fueled by higher commodity...
The AUDUSD pair held steady even after the RBA released the minutes of its August meeting. The pair is up...