The Australian Dollar, AUDUSD, is down sharply today, and at the time of writing the pair was down by 0.92%....
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 Equities Markets Recoup Losses Asian equities traded in the bulls’ territory today as concerns in the US-Iran conflict abated....
Unlike its European counterparts like the euro or the pound, the Aussie started today’s trading with a weekend gap. After...
Next week is the first full week of trading for 2020. There are quite a handful of reports due for...
AUDUSD retreat today after the strong December rally that brought the Aussie up to five-month highs. The rally came amid...
AUDUSD trades 0.22% higher at 0.6995 making fresh five-month highs as the selling pressure in US dollar continues. Positive headlines...
AUDUSD trades 0.33% higher at 0.6968 making fresh five-month amid general US dollar weakness. Positive headlines around a signing ceremony...
AUDUSD trades 0.03% lower at 0.6919 in thin liquidity as most of the traders left their trading desks for the...
AUDUSD continues higher for the third consecutive session adding 0.16% at 0.6896 as the pair got a boost yesterday from...
AUDUSD finished yesterday’s trading flat as market participants waited for today’s employment report. It opened at 0.6849 and traded sideways...