Asian equities markets have an incredibly bearish end to February. The Nikkei 225 closed with a 3.67% or 805.27-point loss...
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.
Asian stocks were mixed in today’s trading with the Nikkei 225 closing 2.13% or 478.03 points lower at 21,948.16. On...
Asian equities markets spent another day in the bears’ territory today as coronavirus cases continued to pile up. The Nikkei...
Disappointing Construction Data Early this morning, Australia released its Construction Work Done report for the last quarter of 2019 and...
Asian equities markets are all trading lower today on renewed concerns about the coronavirus outbreak. The Hang Seng Index is...
AUDUSD is trading at its lowest levels since March 2009. As of this writing, the currency pair is hovering around...
Asian indices ended lower amid growing fears about the economic impact of the coronavirus outbreak. South Korea reported 52 new...
Asian stocks finished mixed today after PBOC cut the benchmark one-year prime rate by 10 bps, and the five-year prime...
A warning from Apple Inc. (AAPL) that it will not match the Q2 revenue forecasts due to supply disruption on...
Recent reports from China about the rise in coronavirus cases has shifted the market’s attention away from central bank speeches....