AUDUSD puts a double bottom at 0.7 on stronger PMI October data.
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 minutes of the last meeting of the Reserve Bank of Australia (RBA) further undermined Monday’s attempts at re-establishing upside...
Last week, the RBA Chairman delivered a sucker punch when he announced that there was room for a 10 bps...
The AUDUSD pair is one of the fastest moving today. On the one hand, the employment data in Australia disappointed,...
We have the Australian employment data due for release at 12.30 am UTC. The figures for reference are shown below:...
Ever since it broke above 0.7 level this summer, the AUDUSD pair did not look back anymore. It reached a...
The AUDUSD pair declined slightly as the market reacted to the decision by the Australian central bank. It is trading...
The next monetary policy update from the Reserve Bank of Australia comes up on Tuesday at 03:30 GMT. The RBA...
The AUDUSD pair is up slightly today because of the overall weaker dollar and upbeat data from Australia. It is...
USD on the rise as Trump tests positive for COVID-19. AUDUSD bearish setup.