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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

Aussie Little Changed Following Mixed Macroeconomic Data

The Australian dollar was mostly flat against its most-traded rivals today following macroeconomic releases. While domestic data was largely positive, reports released from China, Australia’s biggest trading partner, over the weekend were mixed.

Australian Dollar Fails to Keep Gains Ahead of Fed Decision

The Australian dollar rallied intraday during the current trading session but failed to maintain gains and is trading near the opening level now.

Aussie Suffers with Other Commodity Currencies from US-China Trade War

The Australian dollar recovered a bit after opening sharply lower today. While trading was somewhat slower than usual as markets in China and Japan were closed for a holiday, the new developments in the US-China trade war dragged commodity currencies down.

Positive Market Sentiment Allows Aussie to Ignore Economic Data

The Australian dollar rallied today despite lackluster macroeconomic data. The currency got support from the positive market sentiment that ignored the latest developments in the US-China trade war.

Aussie Bounces After Initial Decline Caused by RBA Minutes & Economic Data

The Australian dollar dipped initially today following the release of central bank’s monetary policy minutes and poor macroeconomic data. Yet the currency has bounced by now after markets had calmed, largely ignoring US tariffs on Chinese goods.

Australian Dollar Higher Across the Board After Employment Report

The Australian dollar gained against all of its most-traded rivals today on the back of solid employment growth, which was faster than expected, and the improving market sentiment.

Australian Dollar Bounces After Intraday Decline

The Australian dollar dipped today following the release of a negative macroeconomic report in Australia but bounced later, trading near or above the opening level against its most-traded rivals by now.

Australian Dollar Falls with Business Confidence

The Australian dollar fell against its most-traded rivals after the release of mixed domestic macroeconomic data. Surprisingly, the Aussie managed to gain on the Japanese yen.

Australian Dollar Broadly Lower During Friday’s Trading

The Australian dollar traded broadly lower today. While domestic macroeconomic data was mixed, analysts speculated that persisting risk aversion on the Forex market was the major reason for the currency’s decline.

Australian Dollar Mostly Soft Despite Better-Than-Expected Trade Balance

The Australian dollar was mixed-to-lower today despite domestic macroeconomic data that showed a better-than-expected trade balance.

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