Asian shares trading mixed on Monday amid global recession fears and some hopes that soon the global economy will exit...
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 AUDUSD rose earlier today after China released the quarterly economic numbers. The numbers showed that the country’s economy slumped...
The AUDUSD pair dropped by more than 30 basis points after the Australian Bureau of Statistics (ABS) released ‘useless’ March...
AUDUSD slid in yesterday's trading on risk aversion. It is currently testing a critical support level, will it hold ahead of Australia's jobs report?
Asian equities finished higher after better than expected trade data from China. China’s exports fell 6.6% in March from the same period a year earlier, beating the expectations of -15%.
Asian markets ended the session mixed on Wednesday as investors try to asses the damage in the economy amid the...
The AUDUSD pair rose today after the Reserve Bank of Australia (RBA) released its April interest rates decision. As was...
AUDUSD trading higher boosted by optimism as the coronavirus new cases and deaths drop for the third consecutive session in...
Asian stocks ended mostly lower as the coronavirus crisis uncertainty weigh on investors sentiment. Economic data from the USA continues...
AUDUSD retreat for the second consecutive session from the two-week highs as the USD is stronger across the board. AUDUSD managed to rebound from 13-year lows