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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

Bulls Failing to Conquer 73.93 on AUD/JPY

The Australian dollar versus the Japanese yen currency pair gives signs that the appreciation may be over. Is it so or the traders may be in for a surprise?

Australian Dollar Extends Rise After Business Confidence Improves

The Australian dollar continued to rise today after the business confidence improved. Other commodity currencies were trying to recover as well even though investors remained cautious as the deadly coronavirus continued to spread across China.

Australian Dollar Trades Higher After China’s CPI Beats Expectations

The Australian dollar rose today after China’s consumer inflation accelerated more than was expected by markets. The market sentiment was still cautious as the Wuhan coronavirus continued to spread across China.

AUD/USD Might Be Ready for 0.6500

The Australian dollar versus the US dollar currency pair, although it may be still receiving some bullish support, seems to be in bearish hands.

Australian Dollar Strongest, Rising for Fourth Session

The Australian dollar was the strongest currency on the Forex market today, rallying for the fourth consecutive day thanks to the improving investors’ sentiment. The currency managed to rally even though domestic macroeconomic data failed to meet expectations for the most part.

Trendline on AUD/CAD May Send It to 0.8918

The Australian dollar versus the Canadian dollar currency pair is at a very interesting spot.

GBP/AUD Could Head for 1.9053 After Bearish Engulfing

The Great Britain pound versus the Australian dollar currency pair seems to lack the power to drive prices higher. Is this actually true or are the bulls just waiting for the right moment?

Australian Dollar Trades Higher After RBA Stands Pat

The Australian dollar rose against all other most-traded currencies today after the Reserve Bank of Australia refrained from cutting interest rates and did not signal about a cut in the immediate future.

Australian Dollar Gains as No Rate Cut Expected in February

The Australian dollar rose today after the outlook for the monetary policy of the Reserve Bank of Australia improved. The general market sentiment improved as well, also providing support to the Australian currency. The Aussie gained against all other most-traded currencies, though by now it has retreated from the day’s highs.

Will the Sellers Hit the Breaks on AUD/USD at 0.6700?

The Australian dollar versus the US dollar currency pair dropped sharply. Is it now the moment to expect profit booking?

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