Australian Dollar (AUD)

QUOTE AND NEWS
newratings.com  Jul 18  Comment 
CANBERA (dpa-AFX) - The Australian dollar recouped from early lows against most major currencies ahead of European deals on Friday. The aussie recovered to 0.9373 against the greenback and 1.4427 against euro, from early 2-day lows of 0.9335 and...
News.com.au  Jul 17  Comment 
THE Australian dollar is lower after US and European stocks tumbled on news of a plane crash in rebel-held east Ukraine.
newratings.com  Jul 17  Comment 
CANBERA (dpa-AFX) - The Australian recovered from early lows against the other major currencies in the Asian session on Thursday. The Australian dollar rose to more than 2-week highs of 1.0779 against NZ dollar and 1.4414 against euro, from early...
News.com.au  Jul 16  Comment 
THE Australian dollar has recovered some of its losses following the release of Chinese economic data.
WA Business News  Jul 16  Comment 
The Economic Times  Jul 16  Comment 
The U.S. dollar clung to modest gains after the Federal Reserve chief said rates could rise sooner if employment improved.
newratings.com  Jul 16  Comment 
CANBERA (dpa-AFX) - The Australian dollar extended its early fall against the yen in the Asian session on Wednesday. Against the yen, the aussie fell to a 6-day low of 94.92. At yesterday's close, the aussie was trading at 95.27 against the...
News.com.au  Jul 15  Comment 
THE Australian dollar has moved little overnight, despite US Federal Reserve chair Janet Yellen saying interest rates could be raised sooner than expected.
Financial Times  Jul 15  Comment 
Correlations between commodity currencies like the Canadian and Australian dollars have dropped to less than 40% from 90% two years ago
Wall Street Journal  Jul 15  Comment 
The Australian dollar is overvalued, and any relief for the nation's exporters may have to wait until the U.S. begins raising interest rates, an economic policy maker said.
newratings.com  Jul 15  Comment 
CANBERA (dpa-AFX) - The Australian dollar resumed its early slide against the other major currencies ahead of European deals on Tuesday. The aussie hit 5-day lows of 0.9370 versus the greenback and 1.4526 against the euro, off early highs 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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