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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 1.50%

Public Debt to GDP Ratio, 2017: 47.1%

Trade Balance, 2017: $9.1 bln.

Inflation, 2017: 2%

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

Australian Dollar Gains Even as RBA Chief Mentions Higher Chances of Interest Rate Cut

The Australian dollar was the strongest currency on the Forex market today as traders were cautiously optimistic, waiting for the outcome of the US-China trade negotiations in Washington. The chief of Australia’s central bank reiterated that chances of an interest rate cut increased, but that hardly affected the currency.

Australian Dollar Gains on Employment, Retreats on Bad News

The Australian dollar rallied earlier during the Thursday’s trading session on the back of robust domestic employment growth but retreated later due to a range of negative fundamentals.

Australian Dollar Falls After Release of RBA Minutes

The Australian dollar fell today after the release of monetary policy minutes by the Reserve Bank of Australia. The currency also declined as optimism about this week’s trade negotiations between the United States and China turned into cautiousness.

Australian Dollar Retreats After Rising on China’s Trade Data

The Australian dollar was trading strong at the beginning of the Thursday’s trading session, though it has retreated by now. The rally was a result of positive macroeconomic data in China — Australia’s biggest trading partner.

Aussie Gains on Risk Appetite, Recovering Consumer Sentiment

The Australian dollar gained today amid risk appetite caused by hopes for a successful outcome of trade negotiations between China and the United States. Positive domestic macroeconomic data also helped the Australian currency.

Australian Dollar Trades Slightly Lower on Uneventful Monday

The Australian dollar traded slightly lower today, continuing feeling the pressure of Reserve Bank of Australia’s stance, which shifted from cautiously hawkish to neutral. Surprisingly, the Aussie performed better versus safer currencies despite investors’ mood being spoiled by worse-than-expected macroeconomic data in Great Britain.

RBA Cuts Economic Forecasts, Australian Dollar Down

The Australian dollar declined today after the Reserve Bank of Australia downgraded its growth and inflation forecasts and reiterated that chances for an interest rate hike and a cut are “balanced” now. The losses were limited, though, and the currency has currently moved away from day’s lows.

Aussie Sinks After RBA Chief Hints at Possibility of Interest Rate Cut

The Australian dollar slumped today, erasing yesterday’s gains, after Philip Lowe, Reserve Bank of Australia Governor, mentioned in his speech that an interest rate cut is as likely as a hike.

Aussie Rallies as RBA Statement Doesn’t Show Dovish Stance

The Australian dollar rallied today after the monetary policy statement of the Reserve Bank of Australia. While analysts had expected the central bank to demonstrate extremely dovish stance, the actual statement was considered to be either neutral or even slightly hawkish.

Australian Dollar Soft on Poor Housing Data, Other Reports

The Australian dollar traded flat-to-lower today after the release of underwhelming macroeconomic reports in Australia. Economic data in China, Australia’s biggest trading partner, was neutral, having a limited impact on the currency.

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