The markets expect the Reserve Bank of Australia (RBA) to keep rates on hold at 0.25% for the next three...
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 rallying by almost 300 pips from April 22 to April 29, AUDUSD was heavily sold-off on Friday as investors...
Asian stocks finished higher for the third consecutive session with Nikkei 225 breaching emphatically above the 50-day moving average on optimism that the economy across the globe will return
AUDUSD is testing a critical support level on the 1-hour timeframe after China's PMI reports showed expanding industry activity. Where is it headed to next?
AUDUSD is trading sharply higher in today's trading after the positive Australian CPI report fueled the currency pair's bullish run.
The AUDUSD comes into focus once more with the Australia CPI for the March quarter of 2020 scheduled for release on Wednesday at 1.30 am GMT. This is the first Australia CPI data which to showcase the coronavirus pandemic as it affects the prices of goods and services on the consumer end of the table in Australia.
The AUDUSD pair soared by more than 1% as traders reacted to the positive coronavirus news from Australia. The Australian...
Asian stocks trading higher after the Bank of Japan (BOJ) removed the limits of its Japanese Government Bonds and increased the purchases of corporate debt.
AUDUSD is leading losses in today’s trading today as PMI reports from Australia reveal contractions in the manufacturing and services industries.
AUDUSD is leading gains among the major currencies in today’s trading. The currency pair surged roughly an hour after the Australian Bureau of Statistics released surprisingly stellar retail sales figures for March.