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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/JPY Could Reach 67.03

The Australian dollar versus the Japanese yen currency pair may be heading towards the north. Is this just a bearish opportunity to get better shorting prices?

Aussie Weak amid Lockdown, QE Bond Buying

The Australian dollar was among the weakest currencies on the Forex market together with its commodity-related counterparts today due to coronavirus panic that makes investors seek safer options. While it has trimmed its losses by now, the Aussie is still trading below the opening level against the majority of most-traded currencies.

Is 0.5511 a Bearish Barrier on AUD/USD?

The Australian dollar versus the US dollar currency pair dropped until the 0.5511 level. The bulls may have some reasons to keep a close eye.

Aussie Attempts to Recover After Plunging to Lowest in Decade

The Australian dollar plunged to the lowest level in more than a decade against a range of currencies today but now is trying to recover. As was expected, the Reserve Bank of Australia announced additional monetary stimulus. Meanwhile, employment data showed surprisingly good results.

AUD/NZD at the Weekly Support of 1.0000

The Australian dollar versus the New Zealand dollar currency pair reached a very important support area. Is possible to see a bullish comeback from here?

Can AUD/JPY Fall More from 64.12?

The Australian dollar versus the Japanese yen currency pair continued declining. But the bulls might be just around the corner.

AUD Extends Drop After RBA Policy Minutes, Poor Economic Data

The Australian dollar attempted to rally today after the release of monetary policy minutes from the Australian central bank and domestic macroeconomic data but failed and continued its crash to new multi-year lows. The outlook for another interest rate cut was not helping the Aussie either.

Can 0.6000 Stop the Decline on AUD/USD?

The Australian dollar versus the US dollar currency dropped sharply, but there are some chances for the bulls.

AUD/NZD Back Under 1.0361 Once Again

The Australian dollar versus the New Zealand dollar currency pair slid under the important support area of 1.0361. Will the previous lows hold afresh?

Australian Dollar Attempts to Rebound After Flash Crash

The Australian dollar rose today, attempting to rebound after the recent flash crash. But today’s gains were nowhere near enough to erase losses the currency has logged since the end of the last week. The coronavirus continues to spread across the globe, hurting demand for riskier currencies linked to commodities. Negative domestic macroeconomic data was not helping the matter either.

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