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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 0.25%

Public Debt to GDP Ratio, 2017: 47.1%

Trade Balance, 2018: $5.3 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

Bulls Searching for Support at 1.0707 on AUD/NZD?

The Australian versus New Zealand dollar currency pair retraced until the 1.0707 level. Are the bulls able to pull off another rise?

Safety Net at 0.7010 on AUD/USD for the Pressured Bulls?

The Australian versus the US dollar currency pair seems to have a hard time resuming the upward movement. It is the trend approaching the end of its evolution?

Aussie Falls vs. Rivals After Employment Report, Lowe’s Speech

The Australian dollar was weak today, falling against all most-traded rivals, even commodity currencies. Market analysts listed the following reasons for the decline: risk aversion on markets due to concerns that US politicians may fail to agree on a coronavirus relief package ahead of the presidential election, unfavorable Australian employment data, and comments from the Australian central bank’s chief that boosted bets on additional monetary easing.

AUD/NZD Falls Beneath 1.0826. What Next?

The Australian versus the New Zealand dollar currency pair made a surprise shift in direction. Is this only a temporary development?

Bulls Set for 0.7320 on AUD/USD?

The Australian versus the United States dollar currency pair seems to be determined to reach for 0.7320.

AUD/NZD Prepared to Break 1.0826?

The Australian versus the New Zealand dollar currency pair seems to be willing to go towards the north. Do the bulls have the power to do so?

AUD/USD Under 0.7191. Have the Bulls Met Resistance?

The Australian versus the US dollar currency pair slipped under the 0.7193 level and looks like it has difficulties in regaining it. Could this be a bearish sign?

Bulls Attempting Recovery on AUD/NZD from 1.0717?

The Australian versus the New Zealand dollar currency pair seems to be unwilling to go any lower. It’s the bulls behind all this, or a new depreciation is just around the corner?

Australian Dollar Gains on Improving Sentiment, Changing Outlook for Interest Rate Cut

The Australian dollar was extremely strong on Monday, second only to the Great Britain pound. There were two likely reasons for that. The first one was the positive general market sentiment, which was favoring riskier assets. The second one was the changing outlook for the timing of an interest rate cut from the Reserve Bank of Australia.

AUD/USD Touched 0.7010. Are the Bears Done?

The Australian versus the US dollar currency pair seems to be in bearish hands. Are the bulls anywhere near?

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