Last week’s Commitment of Traders (COT) report showed a marked increase in the volumeof Euro short positions, while the volume...
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 continues north for fifth day in a row making at 2-month highs, adding 0.15% higher today at 0.6855 after...
AUDUSD continues north for fourth day in a row making fresh 2-month highs, adding 0.24% higher today at 0.6830 after...
AUDUSD trades 0.19% higher today at 0.6810 after Australian trade balance came in at AUD 7.268bn topping expectations of AUD7bn...
AUDUSD trades 0.29% higher today at 0.6778 after Australia Gross Domestic Product (year over year) came in at 1.4% in...
The Australian Dollar (AUDUSD) has been one of the weakest developed currencies since it reached a high against the US...
AUDUSD trades 0.24% lower at 0.6711 after Australia Building Permits (month over month) came in at -9.7%, below forecasts of...
AUDUSD trades 0.23% lower at 0.6718 after Australia Private Capital Expenditure came in at -0.5%, below forecasts of 0.5% in...
Asian shares surged today on the renewed optimism of a positive outcome over the US-China trade impasse, given the positive...
AUDUSD trades 0.40% lower at 0.6747 despite the ANZ-Roy Morgan Australian Consumer Confidence gained 1.2% the previous week, lifting the...