Australian Dollar (AUD)

QUOTE AND NEWS
newratings.com  Jan 6  Comment 
CANBERA (dpa-AFX) - The Australian dollar climbed against its most major counterparts in the European session on Friday. The aussie was trading higher at 85.16 versus the yen, up from a low of 84.57 hit at 6:45 pm ET. The aussie bounced off to...
WA Business News  Jan 5  Comment 
The Australian dollar has risen on the back of strong local and Chinese service sector data.
WA Business News  Jan 4  Comment 
The Australian dollar has hit a three-week high after the US Federal Reserve's noted there was a risk of rising interest rates if the new US administration embarked on a fiscal stimulus program.
newratings.com  Jan 4  Comment 
CANBERA (dpa-AFX) - The Australian dollar climbed against its major rivals in the late Asian session on Wednesday amid rising risk appetite, as Asian stocks rose, tracking the overnight gains from the Wall Street, and as upbeat economic data from...
WA Business News  Jan 3  Comment 
The Australian dollar is steady against its US counterpart in early trade on Wednesday after rebounding in the previous session on positive Chinese and Australian manufacturing data.
WA Business News  Jan 2  Comment 
The Australian dollar has again slipped close to its lowest level since March 2016 after worse-than-expected Chinese economic data over the weekend.
newratings.com  Jan 2  Comment 
CANBERA (dpa-AFX) - The Australian dollar slipped against its major rivals in European deals on Monday, after data showed that the pace of growth in China's manufacturing and services sectors slowed in December. Survey data compiled by the...
newratings.com  Dec 28  Comment 
CANBERA (dpa-AFX) - The Australian dollar climbed against its major counterparts in the Asian session on Wednesday amid rising risk appetite, following the release of upbeat U.S. consumer confidence and housing data overnight. Positive cues from...
newratings.com  Dec 28  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in pre-European deals on Wednesday. The aussie advanced to 2-day highs of 0.7220 against the greenback and 1.4504 against the euro, up from Tuesday's...




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.

Error creating thumbnail
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki