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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/CAD on the Grey Line at 0.9093

The Australian dollar versus the Canadian dollar currency pair seems to be willing to still think where to go next. But does the market offer some guides?

Aussie Rebounds After Falling on Tensions Between China & Australia

The Australian dollar fell intraday but has rebounded by now. The drop was a result of growing political tensions between China and Australia as well as poor macroeconomic data in both Australia and China.

AUD/USD Above the 0.6500 Handle

The Australian dollar versus the US dollar currency pair is, yet again, above the 0.6500 psychological level. It’s the bulls that won, or is the bears that are preparing their final push?

Australian Dollar Remains Strong After Economic Forecast

The Australian dollar remained firm today, being one of the strongest currencies on the Forex market, second only to the New Zealand dollar. The Australian central bank released its economic projections on Friday. While they were pessimistic in the short term, over the longer term the projections were fairly positive.

Australian Dollar Strongest After Australian & Chinese Trade Data

The Australian dollar rallied against all other most-traded currencies today after positive trade data released in China, Australia’s biggest trading partner, and Australia itself. Reports about the services sector were rather bad in both Australia and China but that did not prevent the Aussie from logging substantial gains.

AUD/CAD Between 0.9093 and 0.9010

The Australian dollar versus the Canadian dollar currency is in a position from where it could go either up or down. Is there any hint on the direction?

Australian Dollar Edges Higher After Positive Retail Sales

The Australian dollar rose a bit today following the release of a better-than-expected retail sales report. Gains were limited, though, as the market sentiment was mixed, failing to help the currency in finding direction.

AUD/NZD at the 1.0640 Resistance

The Australian dollar versus the New Zealand dollar currency pair might be under bearish pressure.

AUD/USD Has to Decide from 0.6500

The Australian dollar versus the US dollar currency pair is in a moment in which it has to decide where to go.

Australian Dollar Weakest After Manufacturing PMI Logs Record Drop

The Australian dollar was the weakest currency on the Forex market today, falling against all other most-traded rivals, even its commodity counterparts. The Aussie has started to decline yesterday and accelerated the drop after the manufacturing index demonstrated a record slump.

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