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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Public Debt to GDP Ratio, 2015: 44.3%

Trade Balance, 2015: -$24 bln.

Inflation, 2015: 1.9%

Sovereign Credit Ratings:

Fitch
AAA
Stable
Moody's
Aaa
Stable
S&P
AAA
Negative

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

AUD/USD Drops for Third Day as Australian CPI Misses Expectations

The Australian dollar dropped today, falling for the third straight day against its US counterpart. The reason for the decline was the inflation report that missed expectations, even though the disparity was minimal.

Market Sentiment Drags Aussie Dawn Despite Positive Data

The Australian dollar fell today, dropping for the second consecutive day against its most-traded rivals, as the market sentiment remained unfavorable to riskier currencies linked to commodities and growth. Positive domestic macroeconomic data did not help the Australian currency that much.

Australian Dollar Drops Against US Dollar upon Release of RBA Minutes

The Australian dollar dropped significantly against the US dollar after the release of the minutes of Reserve Bank of Australia, which hinted at a dovish outlook. The RBA minutes indicated that the bank was worried about Australia’s weak labor market as evidenced by high unemployment rates and the increasing risks in the housing market.

Australian Dollar Rallies Against US Dollar on Strong Employment Data

The Australian dollar today rallied higher against the US dollar to lift the AUD/USD currency pair to new heights after the release of positive employment data for March.  The Australian dollar’s rally lasted throughout the European session and only abated after the opening of the American session as the US dollar rallied higher.

Aussie Posts Small Losses After Data from Australia & China

The Australian dollar fell after the release of economic reports from Australia and China, but the losses were rather limited despite the nervous sentiment among investors due to rising geopolitical risks.

Australian Dollar Steady on Tuesday

The Australian dollar was little changed today even though domestic macroeconomic data released over the trading session was relatively decent and supportive to the currency.

Aussie Starts Week Soft in Risk-Off Environment

The Australian dollar started the week soft, opening below the Friday’s close, as the risk-off sentiment continued to prevail on markets, driving investors away from riskier assets.

Australian Dollar Drops on Chinese Services PMI, Manages to Bounce

The Australian dollar slumped after today’s data showed that growth of China’s services sector slowed unexpectedly. Yet by now, the currency managed to rebound and is trading near the opening level currently.

Aussie Trades Lower After RBA Keeps Monetary Policy Without Changes

The Australian dollar was trading broadly soft today after the nation’s central bank left its monetary policy unchanged. The market sentiment that was negative to riskier currencies also played its part in the Aussie’s decline.

Aussie Starts Week Soft due to Macroeconomic Data

The Australian dollar has started this trading week with losses due to poor macroeconomic data, both domestic and overseas.

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