Global stocks rose this week as investors remained optimistic about recovery of the world economy. As shown below, the DAX...
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.
Just like most major currency pairs, AUDUSD lost ground to the US dollar in yesterday’s trading after the US NFP report for June topped expectations.
AUDUSD is testing resistance at the top of its symmetrical triangle in this morning's trading session, ahead of the highly-anticipated US NFP report.
The AUDUSD pair is little changed today even after the upbeat economic data from the country. As at 06:10 GMT, the pair is trading at 0.6893, about 15 basis points from the yesterday’s close. What is moving the AUD/USD pair today?
AUDUSD is off to a bullish start in today’s trading as risk appetite picked up on encouraging news of a coronavirus vaccine from China.
AUDUSD has had a bearish start to its day on concerns about geopolitical tensions in Iran and rising coronavirus cases in Australia hit headlines.
Asian markets are trading lower on Thursday, mirroring the sharp losses in Wall Street. Three states in the USA reported record highs cases, while New York ordered travellers from other states to quarantine.
AUDUSD saw a volatile start to today’s trading as the US-China trade deal came into focus. Will the currency pair breakout of its triangle?
Asian stocks ended mixed on the first trading session of the week in a volatile session as investors trying to access the possibilities of another round of coronavirus infections.
After yesterday's disappointing labor market figures, AUDUSD is able to hold on to support in today's trading as retail sales data top forecasts.