Australian Dollar (AUD)

QUOTE AND NEWS
FX Street  11 hrs ago  Comment 
Are you fundamentally disappointed this week? Me too: we had ECB waving the flag of extraordinary... For more information, read our latest forex news and reports.
newratings.com  11 hrs ago  Comment 
CANBERA (dpa-AFX) - The Australian dollar advanced against most major currencies in New York deals on Friday. The aussie approached 96.51 against the yen for the first time since June, 2013. The aussie hit 1.4711 against the euro, its highest...
FX Street  Apr 4  Comment 
Analysis for April 4th, 2014 AUD USD, “Australian Dollar vs US Dollar” Yesterday Australian Dollar... For more information, read our latest forex news and reports.
FX Street  Apr 4  Comment 
Australian Dollar: The Australian dollar reached its lowest level in more than a week yesterday... For more information, read our latest forex news and reports.
News.com.au  Apr 3  Comment 
THE Australian dollar is recovering after weak economic data and suggestions that interest rates would remain low for some time weighed the currency down.     
FX Street  Apr 3  Comment 
Analysis for April 3rd, 2014 AUD USD, “Australian Dollar vs US Dollar” Australian Dollar rebounded... For more information, read our latest forex news and reports.
newratings.com  Apr 3  Comment 
CANBERA (dpa-AFX) - The NZ dollar extends fall against other major currencies in the early European session on Thursday. The kiwi slipped to a 5-week low of 1.0829 against the Australian dollar and a 10-day low of 0.8515 against the greenback,...
FX Street  Apr 3  Comment 
Listen to the latest TV and Radio commentaries on the changing faces of the foreign currency... For more information, read our latest forex news and reports.
newratings.com  Apr 3  Comment 
CANBERA (dpa-AFX) - The Australian dollar extended slide against the U.S. and Canadian dollars on Thursday on the back of weaker-than-expected domestic retail sales growth in February and slowdown in China's service sector expansion in...
FX Street  Apr 3  Comment 
Australian Dollar: Trading ranges have solidified for the Australian dollar when valued against its... For more information, read our latest forex news and reports.




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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