Australian Dollar (AUD)

QUOTE AND NEWS
newratings.com  5 hrs ago  Comment 
CANBERA (dpa-AFX) - The Australian dollar weakened against the other major currencies in the Asian session on Tuesday, as risk appetite remained muted, as traders looked ahead to some key economic events scheduled for the week. Regional markets...
News.com.au  Jul 28  Comment 
THE Australian dollar is higher, amid signs that the Chinese economy is recovering from its slump of recent months.
newratings.com  Jul 28  Comment 
CANBERA (dpa-AFX) - The Australian dollar fell against the other major currencies in the Asian session on Monday, as regional stocks traded on a lackluster note, with a weak lead from Wall Street last week and a dearth of economic data leaving...
SeekingAlpha  Jul 28  Comment 
By Dean Popplewell: By Stuart McPhee AUD/USD for Monday, July 28, 2014 The Australian dollar is trading in a small range just below 0.9400 after reaching a three week high just shy of 0.9480 towards the end of last week. During the...
Wall Street Journal  Jul 27  Comment 
REA Group Ltd. accelerated its expansion into Asia with a 106.3-million Australian dollar (US$99.9 million) purchase of a minority stake in online real estate listings website iProperty Group Ltd.
WA Business News  Jul 27  Comment 
The Australian dollar has drifted back below 94 US cents as the greenback strengthens on dwindling risk appetite.
News.com.au  Jul 27  Comment 
THE Australian dollar has drifted back below 94 US cents following positive economic data out of the US.
SeekingAlpha  Jul 27  Comment 
By Marc Chandler: Against the major currencies, the US dollar had a good week. It appreciated across the board, with two minor exceptions. The Swedish krona continued to recover from the slide spurred by the larger than expected 50 bp rate cut at...
Forex News  Jul 26  Comment 
The Australian dollar was among the best performers on the Forex market this week despite the risk-negative sentiment. Both domestic and overseas news contributed to the currency’s strength.(...)Read the rest of Australian Dollar Ends...
SeekingAlpha  Jul 25  Comment 
By Dean Popplewell: By Stuart McPhee AUD/USD for Friday, July 25, 2014 The Australian dollar is trading in a small range just below the key 0.9425 level after reaching a three-week high just shy of 0.9480 in the last 24 hours. During...




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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