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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Public Debt to GDP Ratio, 2015: 44.3%

Trade Balance, 2015: -$24 bln.

Inflation, 2015: 1.9%

Sovereign Credit Ratings:

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

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

Australian Dollar Near Opening After Failing to Maintain Rally

The Australian dollar started the current trading session rising but reversed its movement at about 12:00 GMT and is trading near the opening levels as of now.

Australian Dollar Mixed After Lowe’s Speech and Moody’s Downgrade

The Australian dollar was mixed after the speech of Phillip Lowe, Reserve Bank of Australia Governor, and as Moody’s Investors Service downgraded credit ratings of several Australian Banks. The Aussie fell against such majors like the US dollar and the Swiss franc, but was flat versus the euro and gained on the weak yen.

Australian Dollar Lifted by Employment Data

The Australian dollar rose sharply after today’s release of domestic employment data. While the Aussie has lost gains versus its US counterpart by now, the Australian currency maintained the rally against other most-traded rivals.

Aussie Ignores Negative Domestic Data with Help from China’s Reports

The Australian dollar rallied today despite unfavorable domestic macroeconomic data. A possible reason for the rally was economic data released in China, which was rather good.

Australian Dollar Steady Despite Macroeconomic Data

The Australian dollar was steady against its US counterpart and rose versus other most-traded rivals even though macroeconomic data, both domestic and from abroad, was not particularly good.

Australian Dollar Gets Help from GDP & Construction Reports

The Australian dollar gained today, rising for the fourth consecutive session against the US dollar and the euro, as reports about economic growth and the construction sector were beneficial to the currency.

Australian Dollar Gains After RBA Policy Meeting

The Australian dollar rallied today against its most-traded rivals (with the exception of the very strong Japanese yen) following the release of monetary policy statement from the Reserve Bank of Australia.

Australian Dollar Gets Help from China’s Services Sector

The Australian dollar jumped today against its peers, getting help from the good service sector data released in China during the current trading session.

Australian Dollar Gains, Fighting Off Adverse Fundamentals

The Australian dollar gained today, and that was surprising as fundamentals did not look good for riskier commodity-related currencies.

Aussie Down as Chinese Economic Data Overshadows Australian

The Australian dollar fell today against its major peers as poor China’s macroeconomic data overshadowed decent reports released in Australia. China is the biggest trading partner of Australia, therefore its economic performance has a big impact on the Australian currency.

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