The Aussie continues higher at 0.7012 registering gains for ninth straight session amid broad USD weakness. AUDUSD hit the low...
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.
The Aussie retreats today from two month high below 0.70 breaking the ninth straight positive sessions amid broad USD strength....
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The Reserve Bank of Australia cut interest rates for the third month in a row to a historic low level...
RBA governor, Philip Lowe speaking in Darwin, Australia after earlier today the Central Bank proceeds to 25 basis point interest...
AUDUSD managed to break above the 0.70 resistance getting a boost from record trade surplus to $5.7 billion up from...
Markets will be slower today as we are heading into the 4th of July US holiday. In Europe we await...
AUDUSD consolidates above the 0.70 holding the gains from recent rally. Traders closely follow RBA and the interest rate outlook...
AUDUSD consolidates below the 0.70 holding the gains from recent rally. Traders closely follow RBA and the interest rate outlook...
AUDUSD trades 0.34 percent lower at 0.6947 close to daily low and making fresh 2 week lows, after The National...