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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

After the Strong Appreciation on AUD/NZD

The Australian dollar versus the New Zealand dollar etched the new high of 2019, and this makes possible even more positive expectations.

Australian Dollar Mixed Despite Stellar Employment Data

The Australian dollar was mixed today despite extremely positive employment data. Other macroeconomic reports released in Australia during the Thursday’s trading session were less stellar.

Australian Dollar Mixed After Positive China’s GDP

The Australian dollar was mixed on Wednesday. The currency was flat against such rivals as the US dollar and the Japanese yen after swinging back and forth between gains and losses, fell versus the euro, but gained on the Swiss franc.

AUD/USD Trying to Make Important Changes

The Australian dollar versus the US dollar got to an area that surprises the bears, which were convinced that they have the market on their side.

Aussie Drops Despite Positive Inflation Data in China

The Australian dollar was soft today despite positive macroeconomic data in China, Australia’s biggest trading partner. Domestic data was not particularly good, but was not that bad either, certainly not enough to hurt the currency significantly. Today’s drop was not nearly enough to erase yesterday’s big rally, though, and the Aussie remains one of the strongest currencies for the week.

Australian Dollar Firm, Boosted by Domestic Fundamentals

The Australian dollar demonstrated good performance today as news from Australia was good, providing support to the currency. Judging by the gains of commodity currencies and lack of demand for safer ones, the market sentiment was relatively optimistic, which is surprising considering that recent news from around the world gave no reason for optimism.

Australian Dollar Gets Boost from Housing Data & Crude Oil

The Australian dollar rose against its most-traded rivals today, supported by domestic macroeconomic data and other positive fundamentals. There were negative factors as well, but positive ones had ultimately bigger impact.

Hidden False Break on GBP/AUD

The recent break of the 1.8457 support area on the Great Britain pound vs. Australian dollar has the trails of an unsustainable move for the bears.

Aussie Ends Week Flat, Rebounding After Decline

The Australian dollar fell during the past trading week but bounced to close about flat. The currency got support from risk appetite on the Forex market as well as other positive fundamental factors.

Australian Dollar Flat After Macroeconomic Data

The Australian dollar traded about flat today after the release of positive macroeconomic data. Traders were reluctant to make big bets ahead of very important US nonfarm payrolls.

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