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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

Australian Dollar Falls After Retail Sales Miss Expectations

The Australian dollar dropped today after retail sales rose less than was expected.

Aussie Gains, Propelled by Positive Domestic Data

The Australian dollar was broadly strong today, rising against all of its most-traded rivals. Australia’s macroeconomic data released over the trading session was good for the large part, and that could explain the good performance of the Australian currency.

Aussie Rallies After RBA Cuts Interest Rates

The Reserve Bank of Australia cut interest rates today. Yet the Australian dollar did not react to the news in the expected manner, rising after the event, not falling.

Aussie Weak Despite Market Sentiment, Economic Data to Blame

The Australian dollar declined against most major currencies today despite the positive market sentiment, which should have been supportive to the currency. The possible reason for the decline was domestic macroeconomic data, which was somewhat mixed, with some bad releases.

Failed Confirmation of 0.9104 on AUD/CAD

The Australian dollar versus the Canadian dollar currency pair delays its appreciation after confirming a very important weekly level.

Australia’s Private Sector Credit Remains Stable, Aussie Pays Little Attention

The Australian dollar was either flat or lower versus its major rivals today as currencies were struggling to find directions ahead of the US-China trade talks on the weekend. Domestic macroeconomic data, which came out within expectations, was of limited interest to traders.

AUD/USD Hits a Turning Point at 0.6858

The Australian dollar versus the US dollar currency pair looked as if it was determined to pierce the 0.6858 major support, but it changed course instead. The question is now whether or not this confirmation was decisive for the medium-term evolution.

Aussie Gains on Lowe’s Comments, Stabilizing Market Sentiment

The Australian dollar gained against its most-traded rivals today after the central bank’s chief questioned the efficiency of further monetary policy easing. The currency also got support from the stabilizing market sentiment.

Aussie Struggles to Keep Gains Caused by Good PMIs

The Australian dollar attempted to rally today following the release of good PMI prints. But while the Aussie managed to keep gains against some most-traded rivals, like the Japanese yen and the Great Britain pound, it reversed the rally versus others, like the US dollar and the euro.

Aussie Mixed After Lowe Talks About Interest Rate Cuts

The Australian dollar was mixed today, falling against some rivals and rising versus others. The Aussie remained vulnerable due to prospects for additional interest rate cuts from the Reserve Bank of Australia.

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