Australian Dollar (AUD)

QUOTE AND NEWS
Forex News  Apr 13  Comment 
The Australian dollar rallied today after the release of China’s trade data. The currency gained even as the nation’s central bank signaled that it is not going to raise interest rates in the near future. China’s trade balance...
WA Business News  Apr 12  Comment 
The Australian dollar is slightly higher against a stronger US dollar which was buoyed by US President Donald Trump's more conciliatory trade comments, including the possibility of rejoining the Trans-Pacific Partnership.
Forex News  Apr 12  Comment 
The Australian dollar fell against its US counterpart slightly but gained on other most-traded peers today even though domestic macroeconomic data was not particularly helpful to the currency. The Melbourne Institute inflation expectations...
WA Business News  Apr 11  Comment 
The Australian dollar is slightly higher against a weaker US dollar that was weighed down by falls in US stocks after President Donald Trump tweeted missile threats against Syria and Russia.
Forex News  Apr 11  Comment 
The Australian dollar fell against other major currencies today due to poor macroeconomic data in Australia as well as its biggest trading partner — China. The Westpac-Melbourne Institute Consumer Sentiment Index for Australia fell 0.6%...
WA Business News  Apr 10  Comment 
The Australian dollar has followed US stocks higher as investor concerns about rising trade tensions between the US and China eased after President Xi Jinping promised to cut import tariffs..
WA Business News  Apr 9  Comment 
The Australian dollar is slightly higher as US stocks rise on the back of easing fears about a trade war between China and the US. At 0635 AEST on Tuesday, the local currency was worth 76.99 US cents, up from 76.92 US cents on Monday.
WA Business News  Apr 8  Comment 
The Australian dollar is slightly higher despite heavy falls on Wall Street on Friday. At 0635 AEST on Monday, the local currency was worth 76.81 US cents, up from 76.69 US cents on Friday.
WA Business News  Apr 5  Comment 
The Australian dollar is slightly lower, as the US dollar continues its recovery from recent declines, ahead of what is expected to be some strong US jobs figures to be released on Friday night (AEST).
Forex News  Apr 5  Comment 
The Australian dollar was rather weak today, falling against the US dollar and hovering near the opening level against such currencies like the euro and the Japanese yen. It was surprising considering positive macroeconomic releases from...




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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