AUSTRALIA: RBA Rate Statement, Retail Sales, and Trade Balance Next week is going to be a big week for Australia....
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.
AUDUSD fell to its 3-month lows yesterday as risk aversion continued to dictate trading. The currency pair bottomed at 0.6699...
Asian Equities Down as Fears of the Coronavirus Mount The Nikkei 225 gave up all its gains from yesterday’s trading...
Asian Equities Markets Were Mixed Today Asian markets were mixed in today’s trading. The Hang Seng Index is trading lower...
AUDUSD traded higher in today’s Asian session as Australia’s CPI report for Q4 2019 beat expectations. The headline inflation report...
The Nikkei 225 extended its losses today as it closed 127.8 points or 0.55% lower at 23,2115.7. Meanwhile, the Hang...
The Australian Dollar, AUDUSD, is one of today’s biggest losers, as the Coronavirus, is quickly getting in the forefront with...
Euro zone: German Ifo, French and Spanish GDPs, euro zone CPI The German Ifo Business Climate report for January is...
With Chinese markets closed for the Chinese New Year this weekend, the Hang Seng Index and Nikkei 225 were able...
Positive Labor Figures from Australia AUDUSD traded higher in today’s Asian session following the better-than-expected jobs report from Australia. The...