Australian Dollar (AUD)

QUOTE AND NEWS
Forex News  Aug 11  Comment 
During the current trading session, the Australian dollar followed the moves its New Zealand counterpart, jumping intraday but trimming the gains later. The Aussie demonstrated basically the same performance as the kiwi during...
newratings.com  Aug 10  Comment 
CANBERA (dpa-AFX) - The Australian dollar climbed against the other major currencies in the European session on Wednesday, after the Reserve Bank of Australia Governor Glenn Stevens cautioned on relying ultra-low interest rates to boost growth, as...
Forex News  Aug 10  Comment 
The Australian dollar extended its rally today, rising against the euro for the seventh consecutive trading session. It is hard to explain the resilience of the currency considering that fundamentals were not particularly supportive...
newratings.com  Aug 10  Comment 
CANBERA (dpa-AFX) - The Australian dollar trimmed its early losses against most major counterparts in early European trading on Wednesday. The aussie advanced to a 2-day high of 1.4437 against the euro, following a low of 1.4512 hit at 8:15 pm...
newratings.com  Aug 9  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against its major currencies in the Asian session on Tuesday. The Australian dollar fell to 1.4539 against the euro and 78.03 against the yen, from yesterday's closing quotes of 1.4491 and...
WA Business News  Aug 8  Comment 
The Australian dollar is being resilient, lifting against the greenback despite softer Chinese trade numbers on Monday.
newratings.com  Aug 8  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Monday. The Australian dollar fell to 4-day lows of 0.7597 against the U.S. dollar and 1.4597 against the euro, from last week's...
newratings.com  Aug 8  Comment 
Reuters  Aug 8  Comment 
Asian stocks rose to one-year highs and the Australian dollar climbed on Monday as investors' hunt for yield gathered momentum against a backdrop of a recovering U.S. economy and ultra-easy easy global monetary policy conditions.
WA Business News  Aug 7  Comment 
The Australian dollar is weaker after a surprisingly strong US jobs report lifted the greenback.




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.

The 10 year chart of Gold vs. AUD / USD
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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