Australian Dollar (AUD)

QUOTE AND NEWS
WA Business News  3 hrs ago  Comment 
The Australian dollar has consolidated recent losses ahead of the release of the official August job figures.
Forex News  Sep 14  Comment 
The Australian dollar gained during the Wednesday’s trading session, though it has shed some of its gains by now. The Westpac Melbourne Institute Index of Consumer Sentiment rose 0.3% in September after increasing 2.0% in the prior...
WA Business News  Sep 13  Comment 
The Australian dollar has fallen more than half a US cent on growing concerns about US and European interest rate rises.
WA Business News  Sep 12  Comment 
The Australian dollar has edged higher as the greenback lost some ground after a Federal Reserve official cast doubt on the chances of a US rate rise in September.
Forex News  Sep 12  Comment 
The Australian dollar fell today following the drop of global stocks and bonds. The reason for that were speculations about a potential interest rate hike from the Federal Reserve in the near future. Stocks across the world demonstrated...
newratings.com  Sep 12  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Monday. The Australian dollar fell to nearly a 2-1/2-month of 1.4946 against the euro and a 2-week low of 77.06 against the yen, from...
WA Business News  Sep 11  Comment 
The Australian dollar is lower as investors speculate that central banks may finally be reaching a tipping point in their efforts to ease policy.
Forex News  Sep 9  Comment 
The Australian dollar dropped today against its most-traded peers as economic data both domestic and from abroad was detrimental to the currency. China’s Consumer Price Index rose just 1.3% in August from a year ago after rising 1.8%...
newratings.com  Sep 9  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Friday, with investor sentiment dampened by the European Central Bank's decision to not extend its quantitative easing program and...




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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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