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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

Bulls Returned, Set for 0.7914 on AUD/USD?

The Australian versus the United States dollar currency pair seems to have the 0.7914 area in focus. Are the bears just going to stand aside?

Aussie Goes to Top with Help from Supportive Fundamentals

The Australian dollar rose today on the back of the risk-on market sentiment. In fact, the Aussie has been trading as the strongest currency on the Forex market as of the time of writing, outperforming even its commodity-geared counterparts. Macroeconomic data and the economic outlook were also favorable to the Australian currency.

AUD/NZD Toward the 1.0707 Area

The Australian versus the New Zealand dollar currency pair seems to be determined to reach 1.0707. Are the bulls really up to the job?

Aussie Fails to Keep Gains Despite Supportive Fundamentals

The Australian dollar had started Tuesday’s trading with gains but has reversed its movement later. The Aussie managed to keep gains only against its US and Canadian counterparts at the time of writing. That is despite positive macroeconomic data and the risk-on market sentiment.

Are the Bulls Able to Conquer 0.7744 on AUD/USD?

The Australian versus the United States dollar currency pair seems to have rotated at the 0.7387 area. Are the bulls really coming back?

Australian Dollar Recovers After Starting Trading With Losses

The Australian dollar started Friday’s trading with losses but has recovered by the time of writing. Analysts considered the market sentiment to be positive for riskier currencies, especially after some major US stock indices reached new record highs on Thursday. Australian macroeconomic data released during Friday’s trading session was mixed but no report was outright disastrous.

Australian Dollar Strong Despite Dovish Speech from RBA Chief

The Australian dollar rose against all other most-traded currencies today with the exception of the very strong New Zealand dollar. Australian macroeconomic data released on Wednesday was supportive of the Aussie but the speech of the central bank’s head was dovish, limiting the upside momentum for the currency. As of the time of writing, the Aussie has lost its gains versus the US dollar but rebounded against the New Zealand dollar.

Bears Taking Hold Beneath 1.0631 on AUD/NZD?

The Australian versus the New Zealand dollar currency pair seems to have some trouble printing an appreciation. Are the bulls setting something up?

Australian Dollar Retreats After RBA Monetary Policy Announcement

The Australian dollar started Tuesday with gains but reversed its movement after the monetary policy announcement from the Reserve Bank of Australia. While the central bank kept interest rates unchanged, markets still considered the policy decision to be surprisingly dovish.

Australian Dollar Opens Lower, Recovers

The Australian dollar opened sharply lower on Monday but has recovered afterward. The currency got a downward pressure from disappointing macroeconomic data in Australia’s biggest trading partner — China. As for macro indicators in Australia itself, they were mostly positive.

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