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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
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 Rises Despite Deteriorating Consumer Sentiment

The Australian dollar rose today even though macroeconomic data showed that the consumer sentiment was deteriorating. In fact, the Aussie was the strongest currency on the Forex market intraday but the Canadian dollar outperformed its Australian counterpart by the time of writing.

Bear Pressure on AUD/NZD from 1.0826

The Australian versus the New Zealand dollar currency pair hit an important area, 1.0826. Are the bears just around the corner?

AUD/USD Topping at 0.7820?

The Australian versus the United States dollar currency pair seems to be having some trouble continuing the rise. Is this the end of the growth?

AUD/NZD Towards 1.0826?

The Australian versus the New Zealand dollar currency pair seems to be sustained by the bullish optimism, thus climbing toward 1.0826. Are the bears nearby?

Australian Dollar Follows Other Commodity Currencies in Decline, Tries to Rebound

The Australian dollar fell today together with other commodity currencies as investors were more interested in safer currencies, like the US dollar and the Japanese yen (but not the Swiss franc). That suggests that markets were in a risk-off mode, and the decline of European stocks during Monday’s trading session also implied that it was the case. The Aussie was attempting to rebound, getting support from better-than-expected macroeconomic releases in Australia […]

Bulls on AUD/USD Have 0.7014 on the Radar?

The Australian versus the United States dollar currency pair seems the be under constant bullish dominance. But aren’t the bulls tired yet?

Aussie Strongest Despite Surprise Drop in China’s Services PMI

The market sentiment remained favorable for commodity currencies, allowing them to maintain a rally. The Australian dollar was the strongest among them, rising against all other most-traded currencies. The Aussie managed to rally even after macroeconomic data showed slower-than-expected expansion of the services industry in China, Australia’s biggest trading partner. Meanwhile, the rally of crude oil prices was helping commodity currencies, especially those of oil-producing countries.

Battle on AUD/NZD at the 1.0707 Area?

The Australian versus the New Zealand dollar currency pair seems to be caught in the middle. Is there any hint about the next possible movement?

Australian Dollar Starts Year on Strong Footing

The Australian dollar traded mostly higher against its most-traded rivals on the back of the positive market sentiment. Traders looked into the future with optimism thanks to expectations of coronavirus vaccine rollouts and the subsequent recovery of the global economy. A manufacturing report for China, Australia’s biggest trading partner, missed expectations but it did not seem to have a material impact on markets, perhaps because the data was not outright bad.

Bears to Take Over from 0.7744 on AUD/USD?

The Australian versus the US dollar currency pair touched the level of 0.7744 and retraced sharply. Is this a sign that the bears are coming back, or it’s just the bulls recharging their batteries?

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