Australian Dollar (AUD)

QUOTE AND NEWS
News.com.au  Jun 28  Comment 
THE Australian dollar is slightly lower with nervousness in the financial world following the breakdown in debt talks.
Daily FX  Jun 26  Comment 
The Australian Dollar is likely to fall in with sentiment trends as Greece debt negotiations and US economic data drive market-wide risk appetite.
newratings.com  Jun 26  Comment 
CANBERA (dpa-AFX) - The Australian dollar continued to be weaker against the other major currencies in the European session on Friday. The Australian dollar fell to more than a 2-week low of 94.90 against the yen and a 2-day low of 0.7687...
Daily FX  Jun 25  Comment 
The trading crowd has grown less net-long from yesterday but further long since last week. Until we see a marked shift towards crowd selling we will maintain our contrarian bearish trading bias on the AUDUSD.
newratings.com  Jun 25  Comment 
CANBERA (dpa-AFX) - The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to a 9-day high of 0.9572 against the Canadian dollar, from yesterday's closing value of...
News.com.au  Jun 24  Comment 
THE Australian dollar is lower as the focus for global markets overnight remained Greece’s debt talks which hit another roadblock.
newratings.com  Jun 24  Comment 
CANBERA (dpa-AFX) - The Australian dollar retreated from its early highs against the other major currencies in the late Asian session on Wednesday. The Australian dollar fell to 1.4492 against the euro and 95.67 against the yen, from an early...
newratings.com  Jun 23  Comment 
CANBERA (dpa-AFX) - The Australian dollar extended its early decline against the U.S. and Canadian dollars in New York morning deals on Tuesday. The aussie fell to a 6-day low of 0.7685 against the greenback and a 4-day low of 0.9485 against the...
Forex News  Jun 23  Comment 
The Australian dollar held steady against its US counterpart and managed to gain on the Japanese yen today even though economic data from Australia was not particularly supportive to the currency.(...)Read the rest of Australian Dollar...
newratings.com  Jun 22  Comment 
CANBERA (dpa-AFX) - The New Zealand dollar weakened against the other major currencies in the European session on Monday. The NZ dollar fell to a 4-day low of 1.1281 against the Australian dollar, from an early high of 1.1231. Against the U.S....




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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