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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

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
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

Aussie Bounces After Initial Decline Caused by RBA Minutes & Economic Data

The Australian dollar dipped initially today following the release of central bank’s monetary policy minutes and poor macroeconomic data. Yet the currency has bounced by now after markets had calmed, largely ignoring US tariffs on Chinese goods.

Australian Dollar Higher Across the Board After Employment Report

The Australian dollar gained against all of its most-traded rivals today on the back of solid employment growth, which was faster than expected, and the improving market sentiment.

Australian Dollar Bounces After Intraday Decline

The Australian dollar dipped today following the release of a negative macroeconomic report in Australia but bounced later, trading near or above the opening level against its most-traded rivals by now.

Australian Dollar Falls with Business Confidence

The Australian dollar fell against its most-traded rivals after the release of mixed domestic macroeconomic data. Surprisingly, the Aussie managed to gain on the Japanese yen.

Australian Dollar Broadly Lower During Friday’s Trading

The Australian dollar traded broadly lower today. While domestic macroeconomic data was mixed, analysts speculated that persisting risk aversion on the Forex market was the major reason for the currency’s decline.

Australian Dollar Mostly Soft Despite Better-Than-Expected Trade Balance

The Australian dollar was mixed-to-lower today despite domestic macroeconomic data that showed a better-than-expected trade balance.

Aussie Struggles to Keep Gains Despite Better-Than-Expected GDP

The Australian dollar was volatile today, struggling to preserve its gains. While it was trading above the opening level against most major rivals, the Aussie struggled to move higher despite a very supportive factor in the form of the faster-than-expected economic growth.

Australian Dollar Fails to Hold Ground After RBA Meeting

The Australian dollar attempted to hold its ground after the policy meeting of the Reserve Bank of Australia but failed and is now trading below the opening level. The worse-than-expected current account balance added to the downside momentum of the currency.

Australian Dollar Rallies After Australia Gets New Prime Minister

The Australian dollar rallied today after the country’s political crisis was resolved for the time being as Australia got a new leader.

Australian Dollar Sinks amid Political Turmoil

The Australian dollar dropped today amid political turmoil in Australia, which will likely result in a shift in the country’s leadership.

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