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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 0.25%

Public Debt to GDP Ratio, 2017: 47.1%

Trade Balance, 2018: $5.3 bln.

Inflation, 2019: 1.6%

Sovereign Credit Ratings:

Fitch
AAA
Stable
Moody's
Aaa
Stable
S&P
AAA
Stable

Supporting Factors

Major commodity exporter

medium

High-yielding interest rates

weak

Factors of Weakness

Domestic housing bubble

The Australian dollar is the official currency of the Commonwealth of Australia. It is often called the Aussie by Forex traders. The currency was implemented in 1966 and allowed to freely float at 1983. Australia has an export-driven economy (the mining sector represents 19% of GDP), therefore the value of the Aussie depends on commodity prices. Australia has strong trading ties with Asia, particularly China, so economic growth in that region has a particularly strong impact on Australia’s currency. The Aussie is used in carry trade because of the relatively high interest rates in Australia.



Australian Dollar News Archive

AUD/NZD Testing the 1.0700 Support Level

The Australian dollar versus the New Zealand dollar currency pair sits above the 1.0707 support level. Is there a possibility for the bears to come with a surprise?

AUD/USD Slipped Under the 0.6600 Mark

The Australian dollar versus the US dollar currency pair seems to have failed to profit from the fact the price went above the 0.6600 psychological level. Do the bulls still have a chance?

AUD/NZD at the Important Support of 1.0707

The Australian dollar versus the New Zealand dollar currency pair is about to test the major support of 1.0707. Is there any way to grasp the direction?

Could AUD/USD Be in Bearish Hands from 0.6400?

The Australian dollar versus the US dollar seems not to be profiting from the appreciation opportunities. Is this a sign that the bears are preparing the next movement?

Aussie Soft Despite Rebound in Chinese Industrial Production

The Australian dollar was soft today despite a rebound of industrial production in China — Australia’s biggest trading partner. Other indicators released in China today were not good, though. There were no economic releases in Australia today, and yesterday’s employment data was mixed.

AUD/NZD Again Above 1.0689

The Australian dollar versus the New Zealand dollar currency pair climbed above an important support level. Will it be able to take this chance to further appreciate?

Australian Dollar Strongest on Economic Data, Market Sentiment

The Australian dollar rallied today, turning out to be the strongest currency on the Forex market during Wednesday’s trading. The possible reasons for the rally were good domestic macroeconomic data and optimism about an exit from the lockdown in Australia as well as other countries around the world.

AUD/CAD on the Grey Line at 0.9093

The Australian dollar versus the Canadian dollar currency pair seems to be willing to still think where to go next. But does the market offer some guides?

Aussie Rebounds After Falling on Tensions Between China & Australia

The Australian dollar fell intraday but has rebounded by now. The drop was a result of growing political tensions between China and Australia as well as poor macroeconomic data in both Australia and China.

AUD/USD Above the 0.6500 Handle

The Australian dollar versus the US dollar currency pair is, yet again, above the 0.6500 psychological level. It’s the bulls that won, or is the bears that are preparing their final push?

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