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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

Bears Might Want to Take Over on AUD/USD from 0.6800

The Australian dollar versus the US dollar currency pair corrected heavily from the 0.7000 mark. Is it only a bearish correction, or a sign of bearish strength?

Australian Dollar Recovers from Daily Lows, Domestic Data Supports

The Australian dollar was weak intraday on Wednesday but has currently recovered and is one of the strongest currencies on the Forex market for the day, rising against most of its major rivals and trading about flat against the rest of them. Domestic macroeconomic data was supportive of the currency while reports in China, Australia’s biggest trading partner, were negative.

Bears Back on AUD/NZD from 1.0880?

The Australian dollar versus the New Zealand dollar currency pair retraced from 1.0826 in a very noticeable manner. Are the bulls preparing an important movement, or are the bears the ones doing that?

AUD/USD at 0.7000 Once Again

The Australian dollar versus the US dollar currency pair climbed back to the high of 2020. Could the bears benefit from this?

Australian Dollar Strongest amid Risk Appetite, Traders Wait for NFP

The Australian dollar was the strongest currency on the Forex market today, rising to multi-month highs, amid risk appetite that returned to markets. Other riskier currencies were strong as well while safer ones were on the defensive. Traders wait for US nonfarm payrolls due for release at 12:30 GMT.

Australian Dollar Retreats After Economy Contracts, Ending Almost 30-Year Expansion

The Australian dollar was rising at the start of today’s trading session, reaching multi-month highs, but has retreated after the release of Australian gross domestic product for the first quarter of this year. The report revealed that the Australian economy contracted, ending its record almost 30-year period of growth.

AUD/NZD Peaked Above the Major 1.0826 Resistance

The Australian dollar versus the New Zealand dollar currency pair reached the destination of 1.0826. Is this where the bulls are leaving the market, or it is just the beginning?

AUD/USD Beyond the 0.6700 Psychological Level

The Australian dollar versus the US dollar currency pair managed to climb all the way to the important 0.6700 level. Should the bulls expect a surprise comeback from the bears?

AUD/NZD Testing the 1.0700 Support Level

The Australian dollar versus the New Zealand dollar currency pair sits above the 1.0707 support level. Is there a possibility for the bears to come with a surprise?

AUD/USD Slipped Under the 0.6600 Mark

The Australian dollar versus the US dollar currency pair seems to have failed to profit from the fact the price went above the 0.6600 psychological level. Do the bulls still have a chance?

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