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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 1.00%

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

AUD/USD Facing an Important Test Before Continuing Towards 0.7200

The Australian dollar versus the US dollar currency pair is at an important resistance area, but the bulls are very determined. The clues for which path the price will take lie in a few details.

Weak Employment Data Doesn’t Prevent Rally of Australian Dollar

Australian employment data came out today much weaker than was expected. Yet that did not prevent the Australian dollar from rising against the majority of its most-traded peers.

Aussie Firm After RBA Monetary Policy Meeting Minutes

The Australian dollar gained against the majority of its most-traded counterparts today, with the exception of the US dollar. That is despite the Reserve Bank of Australia released policy minutes, which suggested that the central bank maintained easing bias.

Australian Dollar Gains on China’s Data

The Australian dollar gained against its most-traded rivals today after the release of macroeconomic indicators in China, Australia’s biggest trading partner. While not all indicators were especially good, most of them were decent enough to support the Aussie.

Australian Dollar Firm Despite China’s Trade Data

The Australian dollar was firm across the board today despite trade data from China, Australia’s biggest trading partner. While China’s trade surplus increased, the report was not necessarily good.

Aussie Firm Despite Domestic & China’s Data

The Australian dollar was firm today despite poor macroeconomic data, both domestic and in China, Australia’s biggest trading partner. The possible reason for the rally was profit-taking after yesterday’s huge slump. The currency fell against some rivals intraday but has erased losses against all of them by now.

Where Will AUD/CAD Go After Breaking Below 0.9100?

The Australian dollar vs. the Canadian dollar considered the direction of the main trend, continuing the downwards move. What could happen next is very interesting.

Australian Dollar Drops with Business Confidence

The Australian dollar declined today amid the worsening business confidence in Australia and the general negative market sentiment.

AUD/USD Looking Towards 0.7200

The Australian dollar vs. the US dollar is quietly preparing an ascent while evolving casually in the descending channel that began a year ago.

Aussie Soft During Friday’s Trading

The Australian dollar was soft against most of its major rivals today. The construction index, released over the trading session, logged an increase, but that hardly helped Australia’s currency.

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