AUDUSD has pared all of its gains after it rallied to a high of 0.6550 following the RBA Meeting Minutes. With Australian policymakers expressing concerns over tariffs imposed by China, could we soon see AUDUSD drop?
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 is virtually unchanged from its opening price despite a slew of negative reports from China. However, technicals suggest it could fall soon.
AUDUSD traded lower following the disappointing labor figures from Australia. Can it hold on to its critical support despite the negative news?
Sign up to see how the AUDUSD responds to the Australain unemployment rate report.
AUDUSD is leading losses against the majors today after China retaliated against Australia by imposing an import ban. What happened?
Asian stocks finished higher on Monday as more countries reopen businesses and investors bet on fast global recovery. Wall Street ended higher on Friday despite the unemployment rate rose from 4.4% to 14.7%
AUDUSD is leading gains among the majors in today’s Asian session despite the RBA Monetary Policy Statement forecasting dismal projections for 2020.
AUDUSD is trading higher today after trade balance reports from Australia and China topped forecasts. Can it sustain its gains?
Australia's retail sales report for March came in better-than-expected. However, AUDUSD was unchanged following the report. It even looks bearish!
AUDUSD is leading gains among the majors after the RBA keep its interest rates unchanged and scaled back its QE program. Here's what you need to know.