Australian Dollar (AUD)

QUOTE AND NEWS  Oct 2  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Friday. The Australian dollar fell to an 8-day low of 0.9283 against the Canadian dollar, from yesterday's closing value of...
The Australian  Oct 1  Comment 
The Aussie dollar is lower as weak US manufacturing data and caution about jobs figures weigh.
WA Business News  Oct 1  Comment  Oct 1  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to 8-day highs of 0.7061 against the U.S. dollar and 1.5812 against the euro, from...
The Australian  Sep 30  Comment 
The Australian dollar has bounced higher to trade above US70c, helped by weak European inflation data.  Sep 30  Comment 
THE Australian dollar is higher, after Wall Street gained for a second day following big falls on Tuesday.  Sep 30  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in the Asian session on Wednesday. The Australian dollar rose to an 8-day high of 0.9421 against the Canadian dollar, from yesterday's closing value...
WA Business News  Sep 29  Comment 
The Australian dollar has bounced from its recent lows helped by some encouraging US consumer confidence figures.  Sep 29  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Tuesday. The Australian dollar fell to 5-day lows of 0.6946 against the U.S. dollar and 83.05 against the yen, from yesterday's...  Sep 28  Comment 
CANBERA (dpa-AFX) - Retreating from early highs, the Australian dollar weakened against its most major rivals in early New York deals on Monday. The aussie was trading lower at 83.99 against the yen and 0.9328 against the loonie, easing from its...  Sep 28  Comment 


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
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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