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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

AUD Doesn’t Join Rally vs. USD, Dragged Down by Employment Data

The Australian dollar was the only major currency that did not rise against the US dollar today. The reason for that was underwhelming employment data in Australia.

Australian Dollar Falls Even as Leading Index Improves

The Australian dollar erased its intraday gains versus the US dollar and fell against other most-traded currencies today even as Australia’s leading indicators were improving.

Aussie Drops Intraday, Reverses Decline Sharply

The Australian dollar dropped intraday during the current trading session but has started a rebound at 10:45 GMT and managed to erase its losses against most of its rivals by now, with the notable exception of the US dollar.

Australian Dollar Declines amid Trade War Concerns

The Australian dollar fell along with other commodity currencies today amid concerns about the planned tariffs in the United States that may hamper global growth.

Australian Dollar Climbs, Supported by Domestic & Chinese Data

The Australian dollar climbed against its most-traded peers today after the release of macroeconomic data, both domestic and in China.

Aussie Drops Even as Business Conditions Index Reaches Record High

The Australian dollar dropped today against its most-traded rivals, though not against the extremely weak Japanese yen, even as Australia’ business conditions index reached a record high. Yet by now, it looks like the currency managed to pare its losses.

Australian Dollar Fails to Maintain Rally Despite Positive Fundamentals

The Australian dollar attempted to rally today but failed and has lost gains versus most of its major rivals by now.

Australian Dollar Gains After Volatile Session

The Australian dollar was rather volatile today. The currency rallied after somewhat mixed domestic macroeconomic data, fell following the release of a services sector report from China, but has recovered by now.

Australian Dollar Extends Decline After Thursday’s Mixed Data

The Australian dollar extended decline today for the third consecutive session versus its US counterpart and for the fourth session against the euro and the Japanese yen. Economic data released in Australia on Thursday was mixed, while China’s manufacturing report was neutral.

RBA Keeps Keeps Neutral Stance, Aussie Retreats from Daily High

The Australian dollar was rising at the start of the current trading session and continued to move higher for a short while after the release of policy minutes by the Reserve Bank of Australia. The currency slumped shortly afterwards, only to resume its rally later. Yet by now, the Aussie has come off the day’s highs, trimming its gains versus some currencies and losing them outright against the US dollar.

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