Vaccine-driven risk flows allowed risky currency assets to gain traction on Monday, with the AUDUSD on course towards 2-month highs...
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 AUDUSD pair is one of the strongest on the FX dashboard. It benefited from the stock market’s bullish trend,...
The AUDUSD rose back above 0.73 as the USD is taking a beat across the board. Positive COVID-19 news is...
AUDUSD above 0.72 but can it hold?
The AUD to USD (AUDUSD) is crawling back after falling by more than 2.38% in overnight trading. The pair is...
AUDUSD was slightly higher on the day after the Reserve Bank of Australia slashed interest rates by 0.15%. The bank also announced a new bond-buying program that traders had expected.
Sign up to read the preview of the trade possibilities on the AUDUSD as a result of the RBA rate decision.
The AUD to USD (AUDUSD) price is down by 0.45% today as traders react to the upcoming US election and...
The AUDUSD pair trades with a bearish tone despite better than expected inflation data released yesterday. The Aussie pair continues...
Risk aversion hit the currency markets just before the onset of the New York session, following a warning from the...