AUDUSD fell after the labor reports for May sorely missed expectations. However, the currency pair quickly retraced some of its losses. What could it mean?
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.
AUDUSD traded higher in a muted mode as the pair consolidates after the correction from yearly highs. As the trade tensions between Australia and China rises
AUDUSD has been having a volatile week thus far. After leading losses during the Asian session yesterday, the currency pair is at the top of today’s leaderboard in terms of gains.
AUDUSD is leading losses among the majors today as concerns about the coronavirus once again hit headlines. Can the RBA meeting minutes provide support?
After surging to its 10-month highs, AUDUSD gave up ground as risk aversion from a staggering number of coronavirus cases in the US weighed down sentiment.
As global markets absorbed the impact of the Fed’s grim outlook for the US economy this Thursday, the investment sentiment...
AUDUSD tapped its 10-month highs yesterday after the FOMC hinted that it will maintain its loose monetary policy until 2022.
AUDUSD recovers some of yesterday's losses as the pair retreated from yearly highs. AUDUSD rallied from the March lows as confidence has been restored by Australia's success in stopping the spread of coronavirus
Asian stocks trading mixed as the bullish momentum push risky assets to March highs as the recent economic data point to a fast global recovery. Better unemployment data in the USA
AUDUSD is trading in the green today after China released better-than-expected economic data over the weekend but it retreated from the 0.7000 handle.