Euro zone: German Ifo, French and Spanish GDPs, euro zone CPI The German Ifo Business Climate report for January 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.
After yesterday's disappointing labor market figures, AUDUSD is able to hold on to support in today's trading as retail sales data top forecasts.
Asian shares surged today on the renewed optimism of a positive outcome over the US-China trade impasse, given the positive...
The AUDUSD comes into focus once more with the Australia CPI for the March quarter of 2020 scheduled for release on Wednesday at 1.30 am GMT. This is the first Australia CPI data which to showcase the coronavirus pandemic as it affects the prices of goods and services on the consumer end of the table in Australia.
Australia’s GDP for the 4th quarter of 2020 is scheduled for release in a few hours. The market expectation is...
The Australian dollar is paring some of its gains from yesterday on the wake of its disappointing GDP report today....
The AUD/USD pair continues to hover around the highs. At this point, 0.78 is key to further advance, as the...
AUDUSD rebounds today after 12 straight trading sessions of losses adding 0.60 percent at 0.6795, as the Reserve Bank of...
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.
Asian stocks finished lower for one more session as investors are selling everything in panic mood in an attempt to...