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Australian Dollar AUD

 

Detailed information and fundamental factors

Central Bank: Reserve Bank of Australia

Interest Rate: 0.25%

Public Debt to GDP Ratio, 2017: 47.1%

Trade Balance, 2018: $5.3 bln.

Inflation, 2019: 1.6%

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

Australian Dollar Strongest amid Positive Market Sentiment

The Australian dollar rose against a basket of most-traded currencies, including the New Zealand dollar, which itself was very strong. The likely reason for the Aussie’s strong performance was the positive market sentiment caused by a rally of US and European stocks. Domestic macroeconomic data was also helpful to the currency, while disappointing data from China, Australia’s biggest trading partner, did not have a material impact on the Australian currency.

Bulls on AUD/NZD Determined to Conquer 1.0826

The Australian versus the New Zealand dollar currency pair is in a steady appreciation. Will this be enough to pass the important 1.0826 resistance level?

Bulls Looking Tired at 0.7191 on AUD/USD

The Australian versus the US dollar currency pair failed to conquer the 0.7191 resistance level. Is this a sign of the bears getting stronger?

AUD/NZD Back Above 1.0707

The Australian versus the New Zealand dollar currency pair seems to have the bulls on its side. But is it really so?

AUD/USD Above 0.7000. What’s Next?

The Australian dollar versus the United States dollar currency pair conquered the 0.7000 psychological level. But is this truly a bullish victory?

Bulls on AUD/NZD Heading for 1.0826

The Australian versus the New Zealand dollar currency pair seems to be in bullish hands. Do the bears still have a chance?

Bulls Pushing the 0.7010 Resistance on AUD/USD

The Australian versus the US dollar currency pair seems to be determined to push higher. Is this a bullish sign, or its the bears preparing a good spot from where to start a new downwards leg?

Another Chance for the Bulls on AUD/NZD from 1.0630

The Australian dollar versus the New Zealand dollar currency pair sits above an important level, one from which the bulls could spark a new appreciation. The question is: are the bears going to choose to stand aside?

Australian Dollar Rises amid Generally Positive Market Sentiment

The Australian dollar rose against almost all major currencies today amid generally positive market sentiment. It looks like hopes for a coronavirus vaccine outweighed concerns about the surge of new coronavirus cases.

Bulls Out of Steam from 0.7010 on AUD/USD?

The Australian dollar versus the US dollar currency pair seems to have some trouble heading towards the north. Is this a sign of a bearish comeback?

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