The AUDUSD is going to have a pretty busy week as the second major news release for the week is...
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 Australian dollar pared most of its gains from October when AUDUSD closed the month 134 pips lower at 0.6756....
AUDUSD trades slightly lower giving up 0.08% at 0.6782 after Construction work in Australia fell by 0.4% in the current quarter beating expectations of -1.0%
The trend in AUDUSD remains downwards below the 0.6872 level, and the price is at risk of trading to the...
The Aussie has been hard hit by the dollar’s strength in yesterday’s trading. AUDUSD traded lower from 0.6798 to 0.6767 where it bottomed. By the end of Monday’s trading, the currency pair was down 12 pips at 0.6767.
The Australian dollar is trading lower against most of its major counterparts early on in today’s session following the release...
AUDUSD trades in just 13 pips trading range after Moody’s credit rating reduced Australian growth forecast to 2.2% and the unemployment rate to 5% for 2020. In US on Friday macro data failed to impress investors, the Empire Manufacturing for November came in at 2.9, below expectations of 6.0. Advance Retail Sales for October rose 0.3%, beating the expected 0.2%, while Retail Sales Less Autos for October fell 0.2%, below forecasts of 0.4%.
AUDUSD trades in narrow trading range ahead of the important US retail sales data later today. US Retail Sales report...
The AUDJPY, AUDNZD and AUDUSD pairs are all trading sharply lower after disappointing Australian Employment data. The steep drop in...
The Aussie dropped like a rock early in Asian trading after employment data for October sorely missed expectations. Market consensus...