Australian Dollar (AUD)

QUOTE AND NEWS
Forex News  6 hrs ago  Comment 
The Australian dollar continued to move higher, rising for the second consecutive session today, as markets were calming down after Britain’s referendum. Global stocks and crude oil were rising during Wednesday’s session as Brexit fears...
newratings.com  Jun 29  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in the Asian session on Wednesday. The Australian dollar rose to 2-day highs of 0.7423 against the U.S. dollar, 76.03 against the yen and 1.4909 against the...
WA Business News  Jun 28  Comment 
The Australian dollar has fallen as the improving US economic outlook offset its brief post-Brexit rally.
Forex News  Jun 28  Comment 
The Australian dollar gained today amid the improving market sentiment. While the threat of the Brexit is still looming, markets decided to take breath and halted sell-off of high-beta currencies. There are speculations that Britons may...
The Hindu Business Line  Jun 28  Comment 
Higher-yielding, riskier currencies such as the Australian dollar rose along with sterling on Tuesday on hopes of a more coordinated central bank response to stem steep losses in markets after Britai...
newratings.com  Jun 28  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to 0.7399 against the U.S. dollar and 75.62 against the yen, from yesterday's closing...
newratings.com  Jun 27  Comment 
CANBERA (dpa-AFX) - The New Zealand dollar weakened against the other major currencies in the Asian session on Monday. The NZ dollar fell to 0.7045 against the U.S. dollar and 71.63 against the yen, from Friday's closing quotes of 0.7119 and...
WA Business News  Jun 26  Comment 
The Australian dollar has recovered some ground after Friday's volatile session, as the dust settles from the unexpected Brexit vote.
newratings.com  Jun 24  Comment 
CANBERA (dpa-AFX) - The Australian dollar trimmed its early losses against the U.S. and Canadian dollars in European deals on Friday. The aussie bounced off to 0.9678 against the loonie, from its early 9-day low of 0.9493. This may be compared to...
newratings.com  Jun 24  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Friday. The Australian dollar fell to nearly a 5-year low of 72.44 against the yen and a 3-day low of 1.5126 against the euro, from an...




RELATED WIKI ARTICLES
 

The Australian Dollar (also known as "Aussie" [1]) is the currency of the Commonwealth of Australia. It is denoted with a leading $, though in an international context the $ is often appended to an "A" or "AU" to distinguish the currency from other dollars. For example, within the nation of Australia $27 is read "twenty-seven dollars," while in an international context the same value might be written AU$27 and read "twenty-seven dollars, Australian".

The chart at left shows the USD/AUD currency pair; the number of Australian Dollars equivalent to 1 U.S. Dollar (USD).

Forex Trading [1]

Trading Hours

The most active AUD trading hours are from Tokyo Open (7:00PM ET / 0:00 GMT), AUD Economic Releases (7:30AM ET / 0:30 GMT) and U.S. Economic Releases (8:30AM ET/ 13:30 GMT).

Things to know when Trading the Australian Dollar (AUD)

The chart below showcases the relationship between gold and AUD/USD. Australia happens to be one of the biggest producers of gold; therefore, gold prices have an impact on the pair.

Nickname – The only nickname for the Australian dollar is the Aussie which is a shortened version of the name.

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The 10 year chart of Gold vs. AUD / USD

Central Bank - The Reserve Bank of Australia conducts monetary policy meetings 11 times a year and their decisions on interest rates could have significant ramifications for the currency market. Glenn Stevens is the central bank governor for Australia. He assumed the post in 2006 and can serve up to 7 years.

Most Active Trading Hours – We tend to see the most significant volatility in the Australian dollar when Australian economic data is being released which is usually around the Tokyo open.

What Does the Economy Rely On? – Australia is a service sector economy but the country produces a tremendous amount of key commodities such as gold and copper. Therefore the Australian economy can be very sensitive to the moves in commodity prices.

Who Does the Economy Rely on for Trade? – Australia’s largest trading partners are in the Asia-Pac region. They do the most trade with Japan followed by China and South Korea.

Market Moving Economic Releases – Central bank rate decisions are usually the most market moving indicators, which mean that they can create the greatest volatility for any currency followed by the employment report, the consumer spending and inflation reports

The Australian Economy

Key Facts

The Australian Economy is comprised of 71.1% Services, 26.4% Industrial, and 2.5% Agriculture. It's largest trading partners are Japan, China, South Korea, US and New Zealand. Some other key facts about the Australian Economy:

  1. Sixth Most Traded Currency
  2. RBA Holds Highest Rate out of All G10 Central Banks
  3. Depends Heavily on Export Demand from China
  4. World’s Fourteenth Largest Economy
  5. Home of the Eight Largest Stock Exchange – the Australian Securities Exchange

General Economic Statistics

2008 GDP Estimate(USD $1.069 Trillion)
Population:22.3 Million
Interest Rate*4.5
Inflation**2.50%
Trade Balance***AUD $2.1 Billion

Market Moving Economic Releases

  1. RBA Rate Decision
  2. Retail Sales
  3. Consumer Prices
  4. Employment Change
  5. GDP (Gross Domestic Product)
  6. Trade Balance
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