Earlier this morning, AUDUSD traded higher to its Asian session high at 0.6744 following RBA Governor Philip Lowe.Yesterday, the Reserve...
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.
Positive Labor Figures from Australia AUDUSD traded higher in today’s Asian session following the better-than-expected jobs report from Australia. The...
AUDUSD trades 0.01 percent lower at 0.6906 making fresh 2-week lows after the previous week Governor Lowe of Reserve Bank...
The NFP report for the month of June is due tomorrow and the US dollar is up across the board....
With virtually no domestic economic indicators for the week, the AUDUSD will look to the US-China trade talks for direction...
The AUDJPY, AUDNZD and AUDUSD pairs are all trading sharply lower after disappointing Australian Employment data. The steep drop in...
Asian stocks finished in the green in today’s trading after the Federal Reserve committed to a massive QE program yesterday....
AUDUSD consolidates above the 0.70 holding the gains from recent rally. Traders closely follow RBA and the interest rate outlook...
AUDUSD Breaks Above 0.60 As RBA Injects Liquidity AUDUSD trades higher for the fourth consecutive trading session as the rebound...
AUD/USD extended yesterday’s gains to hit a 2-week high. On Thursday’s session, the pair was up by 0.34% to trade...