Just like their US counterparts, Asian stock markets scored gains in today’s trading as coronavirus fears abated on optimistic remarks...
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 was closed for today’s trading as Japan celebrates its National Foundation Day. However, Hong Kong and mainland...
Asian equities markets were mixed in today’s trading. The Nikkei 225 closed lower in today’s trading by 142.0 points or...
After it fell to its 11 year lows, AUDUSD traded higher in today’s Asian session following the better-than-expected CPI data...
The Nikkei 225 finished in the red by 45.6 points or 0.19% at 23,828.0. Meanwhile, the Hang Seng Index is...
Earlier this week, the RBA announced that it would keep rates steady at 0.75% but its statement was only released...
Earlier today, disappointing reports came out of Australia but, surprisingly, AUDUSD held steady. The Australian Bureau of Statistics reported that...
Earlier this morning, AUDUSD traded higher to its Asian session high at 0.6744 following RBA Governor Philip Lowe.Yesterday, the Reserve...
Coronavirus Concerns Abated As fears of the coronavirus recede, the Nikkei 225 finished today’s trading 112.7 points or 0.49% higher...
AUDUSD is up over 0.40% in the past hour after the RBA announced that it would keep its interest rates...