Australian Dollar (AUD)

QUOTE AND NEWS
newratings.com  10 hrs ago  Comment 
CANBERA (dpa-AFX) - Erasing early losses, the Australian dollar advanced against its major counterparts in European deals on Monday. The aussie recovered to 0.8763 against the greenback and 1.1118 against the NZ dollar, off early 1-week low of...
SeekingAlpha  11 hrs ago  Comment 
By Dr. Duru: In "The dollar keeps falling: What's happening to our economy?" Gareth Hutchens of the Sydney Morning Herald tries to explain to the everyday reader how the Australian dollar's (NYSEARCA:FXA) twists and turns relate to Australia's...
Forex News  11 hrs ago  Comment 
The Australian dollar rose as today’s trade data from China was generally well-received by Forex market participants, leading to fairly positive outlook for Australia’s economy that depends on trading with its Asian partner...
WA Business News  7 min ago  Comment 
SeekingAlpha  Oct 13  Comment 
By Dean Popplewell: By Stuart McPhee AUD/USD for Monday, October 13, 2014 The last month has not been an enjoyable time for the Australian dollar as it endured a strong decline moving from close to 0.94 down to below 0.8650 and an eight...
The Economic Times  Oct 13  Comment 
The dollar also slipped versus the euro and the Australian dollar in choppy, holiday-thinned trade.
The Australian  Oct 13  Comment 
THE Australian dollar remains below 87 US cents as a risk-averse mood drives investors toward safe-haven assets.
News.com.au  Oct 12  Comment 
THE Australian dollar has dropped below 87 US cents as global economic growth concerns weigh on risk appetite.
WA Business News  Oct 12  Comment 
The Australian  Oct 12  Comment 
THE Australian dollar has dropped below 87 US cents as global economic growth concerns weigh on risk appetite.
SeekingAlpha  Oct 12  Comment 
By Marc Chandler: Last week was of two halves. The dollar corrected lower through midweek and then recovered. While the dollar's losses were pared, it still managed to fall against nearly all the major currencies. However, it finished the week on...
Forex News  Oct 10  Comment 
Poor economic data from Australia led to the second session of losses for the Australian dollar today. The currency attempted to gain ground but was unsuccessful so far, though it trimmed its losses.(...)Read the rest of Second Session of...




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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