The AUDUSD pair is muted as traders reflect on the RBA interest rate meeting. The pair is trading at 0.7132,...
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 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...
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...
AUDUSD is struggling to trade past last week’s highs after Australia's inflation data failed to impress. Should we brace for a sell-off?
The Q2 2020 Australian Inflation data is due out on July 29 at 01:30 GMT. The expectation is for a steep drop from 0.3% in Q1 2020 to -2.0%
AUDUSD is leading gains among the major currency pairs in today’s trading. Can the much-anticipated Australian CPI report help AUDUSD extend its gains?
AUDUSD is leading gains among the major currency pairs in today’s trading after PMI reports from Australia point towards growth.