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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 0.75%

Public Debt to GDP Ratio, 2017: 47.1%

Trade Balance, 2018: $5.3 bln.

Inflation, 2018: 1.9%

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 Emerges Strongest After Employment Report

The Australian dollar rallied against all other of its most-traded rivals, even the Japanese yen, which itself was rather strong. The main reason for the Aussie’s great performance was a surprisingly good domestic employment report, which improved the outlook for monetary policy a bit. Even risk aversion prevailing on the market was unable to stop the Australian currency from rallying.

AUD/NZD May Try a Turn Towards 1.0530

The Australian dollar versus the New Zealand dollar currency pair gives some signs that an appreciation is not that far from the realm of possibility. Is it so, or the bears are trying to persuade the bulls?

Aussie Mixed amid Improving Market Sentiment, Disappointing Australian Data

The Australian dollar was mixed today as market participants were digesting news about the coronavirus that has started in China. The Aussie was flat against a range of major currencies, jumped versus the Canadian dollar, and dropped against the Great Britain pound. Macroeconomic reports released in Australia today were poor.

GBP/AUD May Have the Green Lights for 1.9470

The Great Britain pound versus the Australian dollar currency pair extended above 1.9053. Is this the new direction or it’s just the bears preparing to short?

Head and Shoulders Almost Complete on AUD/USD

The Australian dollar versus the US dollar currency pair seems to be pursuing lower prices. The only possible barrier is 0.6850. Will this level be able to stop the depreciation?

AUD/JPY Deciding at 76.02

The Australian dollar versus the Japanese yen currency pair is in a very interesting spot, one from where it could go either way and so establish the course for the long-term.

AUD/CAD Trying to Keep the Gains at 0.9010

The Australian dollar versus the Canadian dollar currency pair seems to be in a bullish profile. But is it really so?

AUD/USD Might Be in Bearish Hands, Heading for 0.6700

The Australian dollar versus the US dollar currency pair seems to be undecided. Is it so, or are the bears preparing a surprise?

Australian Dollar Gets Boost from Market Sentiment & Retail Sales

The Australian dollar together with its New Zealand counterpart were the strongest currencies on the Forex markets today thanks to the positive market sentiment. The Aussie got an additional boost from good domestic macroeconomic data as retail sales rose much more than was expected.

Australian Dollar Mixed After Positive Australian Data, Disappointing Chinese Reports

The Australian dollar gained on other commodity currencies but was mixed against other most-traded peers today. The market sentiment was calm and domestic macroeconomic data was helpful to the Aussie. But economic reports in China, Australia’s biggest trading partner, were not particularly impressive, weighing on the Aussie a bit.

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