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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

Surprise Bullish Comeback on AUD/USD from 0.6800

The Australian dollar versus the US dollar currency pair rallied after touching the 0.6800 psychological level. Is this a sustainable bullish comeback, or it’s just the bears preparing further decline?

AUD/CAD Failing to Conquer 0.9093

The Australian dollar versus the Canadian dollar currency pair might be poised for the downside after appreciation attempts failed. But will the bulls try once more?

Australian Dollar Sinks After Extremely Poor Employment Data

The Australian dollar fell sharply against all of its most-traded rivals today after employment data came out much worse than was expected. Analysts argued that the negative data bolstered the case for the Reserve Bank of Australia to lower interest rates to new record lows. Disappointing macroeconomic indicators in China, Australia’s biggest trading partner, weakened the currency further.

AUD/JPY Just Might Have Been Taken by Bears

The Australian dollar versus the Japanese yen currency pair is depreciating, thus attracting more buyers. However, they could be at a disadvantage.

Australian Dollar Weak Despite Decent Data

The Australian dollar declined against other most-traded currencies today even though domestic macroeconomic data was decent and should have supported the Aussie. The probable reason for the currency’s decline was a disappointment in the speech of US President Donald Trump, who did not reveal any news about progress in the US-China trade negotiations.

GBP/AUD Consolidating for the Next Target: 1.0950

The Great Britain pound versus the Australian dollar currency pair consolidates after exiting a pattern that points to the continuation of the upward movement.

Aussie Drops Despite Improving Business Confidence, Conditions

The Australian dollar fell against the vast majority of its most-traded rivals despite the fact that the business conditions and the business confidence improved last month. Now, traders wait for the consumer confidence index that will be released tomorrow and employment data due for release on Thursday.

Bulls to Be Tested on AUD/NZD at 1.0837

The Australian dollar versus the New Zealand dollar is set for appreciation, but is it a sustainable one?

Bears Trying to Start an Impulsive Swing from 0.6929

The Australian dollar versus the US dollar currency pair looks like it is failing in its appreciation efforts. Or isn’t it?

Australian Dollar Falls vs. Rivals After Home Loans, RBA Monetary Policy Statement

The Australian dollar fell against almost all other most-traded currencies today. Domestic macroeconomic data was unfavorable to the currency as it missed market expectations. The monetary policy statement released by Australia’s central bank today retained an optimistic outlook for the nation’s economy but kept the possibility of additional monetary easing in the cards.

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