AUDUSD is currently trading at its lowest levels since October 2008 despite the FOMC cutting rates over the weekend and...
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 Nikkei 225 extended its losses even more and continues to be a problem for the BOJ. It finished today’s...
Asian stocks extended their losses in today’s trading after the WHO declared the coronavirus a pandemic. The Nikkei 225 dropped...
News of an oil price war added fuel to the market’s jittery sentiment and caused equities and risk currencies to...
AUDUSD fell from its Asian session lows earlier today after Australia’s retail sales report for January sorely missed expectations. The...
AUDUSD traded higher today following the better-than-expected GDP report from Australia. The currency pair rose from 0.6585 to its Asian...
Just as expected, the Reserve Bank of Australia (RBA) cut interest rates by 25 basis points to 0.50%. In response,...
In about 6 hours from now, the Reserve Bank of Australia (RBA) will release its interest rate decision, and this...
It’s been an interesting start to a busy week for AUDUSD. The currency pair gapped lower today and opened 46...
We saw very few top-tier economic data and central bank events released this past week but the next one is...