AUD/USD refers to the Australian Dollar/ US Dollar major currency pair. AUD/USD is one of the most actively traded currency pairs in Forex, with exceptional liquidity and high trading volume....
However, the Australian Dollar, or “Aussie”, as it is nicknamed in the Forex community, is not one of the six foreign currencies in the US Dollar Index, used to establish the value of USD dollar. Much of the popularity of the AUD/USD currency pair is due to the fact that the Australia is rich in natural resources like coal, iron ore, meat and wool. As a result, the AUD/USD is strongly influenced by commodity price shifts. A major trading partner and purchaser of Australian commodities is China, so the Chinese economic climate will have a substantial impact on the currency price. The price of both the Australian Dollar and the US Dollar, can be influenced by the interest differential between the Reserve Bank of Australia and the US Federal Reserve, as changing rates can weaken or strengthen a currency. So, for example, a weaker USD would give AUD/USD a boost. It is also worth noting that AUD/USD, which is quoted in USD, has a negative correlation with USD/JPY, USD/CHF, and USD/CAD.
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The AUD/USD has fallen rather significantly during the Friday session again, as we continue to see the U S dollar strengthen against most things.
The Australian dollar spiked higher during the trading session on Thursday, reaching toward the 50-Day EMA.
The AUD/USD initially plunged during the trading session on Friday, breaking through not only the 200 day EMA, but also the 50 day EMA indicator.
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The Aussie dollar has rallied rather significantly early during the trading session on Thursday.
The Australian dollar initially rally during the trading session on Monday.
The Australian dollar has gone back and forth during the trading session on Friday.
The Aussie dollar has fallen a bit during the trading session on Wednesday.