Australian Dollar (AUD)

QUOTE AND NEWS
Forex News  Aug 29  Comment 
The Australian dollar fell against its US peer as Australia’s private sector credit trailed analysts’ forecast. The losses were limited though, and the currency even managed to rise a little against the Japanese yen.(...)Read the rest...
SeekingAlpha  Aug 29  Comment 
By Dean Popplewell: By Stuart McPhee AUD/USD for Friday, August 29, 2014 The Australian dollar has started to move in the last couple of days moving higher from the key level at 0.93 up to a three week high above 0.9370. For the best...
News.com.au  Aug 28  Comment 
THE Australian dollar is almost level after strong US economic data and weak German jobs figures pulled the currency in opposite directions.
WA Business News  Aug 28  Comment 
The Australian dollar hit a three week high, after the release of strong local business investment figures.
The Times of India  Aug 28  Comment 
Adani Enterprises has inked a pact to buy out Linc Energy's royalty rights from the Carmichael coal project for AUD 155 million, the Australian firm said on Thursday.
The Hindu Business Line  Aug 28  Comment 
Australian airline Qantas on Thursday posted a full-year net loss of 2.84 billion Australian dollars (2.64 billion US dollars) in 2013-2014, its worst performance ever. The national airli...
The Economic Times  Aug 28  Comment 
The Australian dollar rose to a three-week high versus the US dollar after second quarter business investment data beat forecasts.
SeekingAlpha  Aug 28  Comment 
By Dean Popplewell: By Stuart McPhee AUD/USD for Thursday, August 28, 2014 The Australian dollar has finally shown some signs of life in the last 24 hours attempting to move higher from the 0.93 level pushing up to a three week high at...
Forex News  Aug 28  Comment 
The Australian dollar jumped against its US counterpart after data showed that private investment increased last quarter unexpectedly. The Aussie’s gains against the euro and the Japanese yen were smaller, but the Aussie dollar still...
newratings.com  Aug 28  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in the Asian session on Thursday, after data showed that the nation's capital expenditure rose more-than-expected in the second quarter. Data from the...




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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