Australian Dollar (AUD)

Benzinga  Jan 16  Comment 
The AUD/USD pair is trading at 0.8181, down 0.0038. Trading is very choppy and a wide trading range is expected. Chinese Data due on Tuesday is starting to occupy chatter. In other Forex markets: GBP/USD is lower at 1.5148 and has slipped...
The Australian  Jan 16  Comment 
THE Australian dollar continues to rally on December’s strong jobs figures, plus the Swiss central bank’s shock currency and rates announcement.  Jan 15  Comment 
THE Australian dollar is surging, following upbeat local jobs figures and the Swiss central bank’s decision to slash its interest rate.
WA Business News  Jan 15  Comment 
Benzinga  Jan 15  Comment 
U.S. Australia's Dollar is up 0.0088 at 0.8228. The AUD/USD had extended its overnight gains early, but those gains are now gone during the session. Trading is very choppy with a wide trading range is expected. The SNB action overnight is...
The Australian  Jan 15  Comment 
COLLAPSING oil and gas prices — along with the lower Australian dollar — could prove a windfall for Macquarie Group.
The Australian  Jan 14  Comment 
AUSTRALIA’S battered mining sector continues to feel the commodity price pain, while a surprise fall in the jobless rate has sent the Aussie dollar surging.  Jan 14  Comment 
DISAPPOINTING US retail sales numbers have given the Australian dollar a lift above 81 US cents.
The Australian  Jan 14  Comment 
The Australian dollar has jumped back past US81c after a sharp fall during local trade had the unit moving towards its recent five-year low of US80.33c.
Benzinga  Jan 14  Comment 
Australia's Dollar is lower in heavy trading Wednesday morning against the U.S. Dollar; AUD/USD is trading at 0.8127. Trading is very choppy. The deep selloff in Copper in London and the U.S. pressured AUD/USD Tuesday night. A wide and choppy...


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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