AUDUSD consolidates at the 15-month highs as the rally in the Aussie dollar continues as the reopening of the economies around the globe after the coronavirus lockdown
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.
After surging to its 14-month highs yesterday, AUDUSD is trading just a few pips away from its peak despite today’s disappointing retail sales report.
The AUDUSD pair is relatively unchanged as investors reacted to the latest “stimulus” package by the Australian government to small...
AUDUSD is leading losses among the majors in today's trading as the most recent labor market report from Australia highlight sore spots in the economy.
Asian markets trading mixed on Wednesday as President Donald Trump signed a bill that would penalize banks doing business with Chinese officials who implement the new security law.
AUDUSD is off to a bullish start in today’s trading, despite the resurgence of coronavirus cases in Australia and concerns about China’s retaliation.
AUDUSD is leading losses among the majors in this morning’s trading on news that some Australian cities go back into lockdown.
Asian stocks trading mixed as traders follow the news about the rising number of new coronavirus and turn their attention to safe-haven assets such as gold which is approaching the 1,800 mark.
The AUDUSD pair is little changed as traders react to the RBA interest rate decision. The pair is trading at 0.6952, which is 30 basis points below where it ended the day yesterday.
The AUDUSD is in focus as the Reserve Bank of Australia announces its interest rate decision. Sign up to see the possible plays.