Australian Dollar (AUD)

QUOTE AND NEWS
newratings.com  Sep 12  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Friday, amid weakness in regional stocks. The benchmark S&P/ASX 200 index is currently down 36.30 points or 0.65 percent at 5,509. The...
The Australian  Sep 12  Comment 
THE Australian dollar posted a fresh six-month low today, trading below US91c for the first time since March.
The Australian  Sep 11  Comment 
THE Australian dollar has hit another six-month low as the popular US dollar puts downwards pressure on other currencies.
News.com.au  Sep 11  Comment 
THE Australian dollar has fallen below 91 US cents for the first time in six months, despite the release of very strong local jobs figures.
Forbes  Sep 11  Comment 
Falling commodity prices are supposed to have knocked the Australian dollar down a peg or two but as Lord Keynes warned some time ago "markets can remain irrational longer than you can remain solvent".
newratings.com  Sep 11  Comment 
CANBERA (dpa-AFX) - The Australian dollar trimmed its early gains against the other major currencies in European deals on Thursday. The aussie was trading at 1.1169 against the kiwi, 1.4154 against the euro and 97.66 against the yen, off early...
The Economic Times  Sep 11  Comment 
The Australian dollar jumped half a cent to a high of $0.9218 after employment blew away expectations with a rise of 121,000 jobs in August.
newratings.com  Sep 11  Comment 
CANBERA (dpa-AFX) - The Australian dollar firmed against its major rivals in Asian deals on Thursday, as the economy added more jobs than forecast in August and the jobless rate declined. The unemployment rate in Australia came in at a seasonally...
WA Business News  Sep 11  Comment 
Bloomberg  Sep 10  Comment 
Most Asian Stocks Climb as Aussie Surges on Record Jobs Most Asian stocks rose, with Japan’s Topix index extending a six-year high, and the yen climbed for the first time in...
News.com.au  Sep 10  Comment 
THE Australian dollar is almost unchanged against the US dollar in cautious trade ahead of the release of August employment figures.




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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