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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 Comes to the Top After Positive PMI Releases

The Australian dollar was the strongest currency on the Forex market today, rising against all other most-traded counterparts after declining intraday. The rally was a result of risk appetite caused by positive PMI reports for various countries, including Australia itself.

Bulls Still to Let Go on AUD/USD from 0.6873

The Australian dollar versus the US dollar currency pair seems to be under bearish pressure, but the bulls are keeping up. So, is this only a delay in the fall that is to come?

Australian Dollar Sinks After Extremely Bad Employment Data

The Australian dollar was extremely weak today following the release of a very disappointing employment report. The Aussie fell against almost all of its most-traded peers, even the New Zealand dollar that was weak itself, but not against the Great Britain pound.

Bulls Missed Their Chance on AUD/NZD from 1.0700?

The Australian dollar versus the New Zealand dollar currency pair had trouble getting back above the 1.0707. Does this point to bearish times?

Bears Might Want to Take Over on AUD/USD from 0.6800

The Australian dollar versus the US dollar currency pair corrected heavily from the 0.7000 mark. Is it only a bearish correction, or a sign of bearish strength?

Australian Dollar Recovers from Daily Lows, Domestic Data Supports

The Australian dollar was weak intraday on Wednesday but has currently recovered and is one of the strongest currencies on the Forex market for the day, rising against most of its major rivals and trading about flat against the rest of them. Domestic macroeconomic data was supportive of the currency while reports in China, Australia’s biggest trading partner, were negative.

Bears Back on AUD/NZD from 1.0880?

The Australian dollar versus the New Zealand dollar currency pair retraced from 1.0826 in a very noticeable manner. Are the bulls preparing an important movement, or are the bears the ones doing that?

AUD/USD at 0.7000 Once Again

The Australian dollar versus the US dollar currency pair climbed back to the high of 2020. Could the bears benefit from this?

Australian Dollar Strongest amid Risk Appetite, Traders Wait for NFP

The Australian dollar was the strongest currency on the Forex market today, rising to multi-month highs, amid risk appetite that returned to markets. Other riskier currencies were strong as well while safer ones were on the defensive. Traders wait for US nonfarm payrolls due for release at 12:30 GMT.

Australian Dollar Retreats After Economy Contracts, Ending Almost 30-Year Expansion

The Australian dollar was rising at the start of today’s trading session, reaching multi-month highs, but has retreated after the release of Australian gross domestic product for the first quarter of this year. The report revealed that the Australian economy contracted, ending its record almost 30-year period of growth.

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