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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 0.10%

Public Debt to GDP Ratio, 2020: 60.4%

Trade Balance, 2019: $46.8 bln.

Inflation, 2019: 1.6%

Sovereign Credit Ratings:

Fitch
AAA
Negative
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

Consolidation on AUD/NZD Around 1.0895

The Australian versus the New Zealand dollar currency pair seems to have entered a consolidative phase. Are the bears going to attempt a shift in the market direction?

Bulls Rotating Price from 0.7587?

The Australian versus the United States dollar currency pair seems to be getting under bullish influence. Is this actually a trap set by the bears?

Bears to Take Over AUD/NZD After Rally Above 1.0895?

The Australian versus the New Zealand dollar currency pair printed a rally that might be just too tempting for the bears. Or isn’t it so?

Bulls to the Rescue on AUD/USD from 0.7744?

The Australian versus the United States dollar currency pair seems to be attempting a rotation from 1.7744. Will the bulls succeed?

Aussie Jumps After Employment Data Beats Optimistic Expectations

The Australian currency gained on its rivals on Thursday after a domestic employment report beat the already optimistic expectations by a wide margin. While the Aussie has backed off from its daily highs since then, it is currently still trading above the opening level against all of its most-traded counterparts.

Australian Dollar Soft as Traders Wait for FOMC

The Australian dollar was soft today falling against some of its major rivals and trading flat versus others. With just one relatively minor report released in Australia today, the decline of the Australian currency was likely the result of outside factors.

Bears Letting Go to AUD/NZD After Fall from 1.0800?

The Australian versus the New Zealand dollar currency pair seems to be determined to disallow the bears to further go about their plans.

Australian Dollar Weak After RBA Minutes, House Price Index

The Australian dollar fell today, being one of the weakest currencies on the Forex market during Tuesday’s trading. That is despite the relatively upbeat economic outlook of the central bank and better-than-expected housing data.

Bears Attempting to Take Over on AUD/USD from 0.7744?

The Australian versus the US dollar currency pair seems to be pointing towards the north. Still, the bearish pressure is present.

AUD Strong After Unveiling of A$1.2 Billion Stimulus Package

The Australian dollar was strong today, reversing yesterday’s losses and gaining against all of its most-traded rivals. With the lack of any major macroeconomic releases, the possible reason for the currency’s strength was the unveiling of a stimulus package for Australia’s tourism industry.

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