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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 GDP Misses Expectations, Aussie Moves Lower

The Australian dropped during the current trading session as Australia’s economic growth missed expectations.

Australian Dollar Rallies on Economic Data, RBA Statement

The Australian dollar rallied today following good economic reports from Australia and its main trading partner, China. The statement released by the Reserve Bank of Australia following the policy meeting was also relatively helpful to the currency.

Australian Dollar Mixed Despite Supportive Macroeconomic Data

The Australian dollar was mixed during Thursday’s trading despite supportive macroeconomic data, both domestic and released in the nation’s biggest trading partner, China.

Australian Dollar Soft Despite Positive Reports

The Australian dollar fell today despite positive macroeconomic data. Minutes of a monetary policy meeting released by the Reserve Bank of Australia yesterday were somewhat dovish, adding to the pressure on the currency.

Aussie Strong Despite Employment & Inflation Data

The Australian dollar gained today even though employment data missed forecasts and the inflation expectations gauge decreased this month.

Australian Dollar Falls as Wage Growth Stagnates

The Australian dollar fell today against its major rivals, though it has trimmed losses against some of them by now. The main reason was underwhelming wage inflation, though the falling consumer confidence was not helping the currency either.

Australian Dollar Lifted by Domestic Data

The Australian dollar stabilized after yesterday’s sell-off, edging a little higher versus the US dollar and the Japanese yen, though continuing to fall against the euro for the fourth straight day. It looks like traders paid more attention to the positive domestic data than to the reports from China, Australia’s biggest trading partner.

Australian Dollar Creeps Down During Monday’s Quiet Trading

The Australian dollar was moving gradually down during the Monday’s uneventful trading session.

Aussie Flat-to-Lower After Australian & Chinese Reports

The Australian dollar traded flat-to-lower today, the same as its New Zealand counterpart, even though macroeconomic reports from China, Australia’s biggest trading partner, were good. Domestic economic data was not so good, though.

Australian Dollar Rallies, Disregarding China’s Trade Data

The Australian dollar rose against most of its major peers even though data from Australia’s main trading partner, China, was a bit disappointing.

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