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AUD (Australian Dollar)

The Australian Dollar represents the economy of Australia and is the fifth most commonly traded currency in the world.

The Australian Dollar had a fixed exchange rate until 1983 when the Australian Labor government floated the currency. The Australian Dollar was part of the Bretton Woods system from 1946 to 1971 with which the Australian Dollar was pegged to the British Pound (which was fixed to the US Dollar which was pegged to Gold) until 1967. As Bretton Woods began to break down, the value of the Australian Dollar was converted to a traditional peg against a floating US Dollar.

AUD News and Analysis

Scalping the AUDCHF Reversal- 8360 Resistance in Focus
An outside reversal candle today off technical support shifts our near-term focus back to the topside of AUDCHF. Here are the updated targets & invalidation levels.
AUD/USD Resistance at .8890
USD/CAD Achieves C$1.1200 as Canadian GDP Falls Flat in July
The July Canadian GDP data released this morning showed the weakest monthly growth rate since December 2013.
Next EUR/USD Leg Lower Begins; Trade Opportunities in EUR/AUD, EUR/GBP
Faster disinflation in the core Euro-Zone CPI figure has triggered the next move lower in the EUR-complex.
Euro May Be More Responsive to Positive vs. Negative Inflation Data
The Euro may prove asymmetrically more responsive to a positive versus a negative outcome on September’s preliminary Eurozone CPI data.
AUD/USD Rebound Producing A Piercing Line Candlestick Pattern
AUD/USD’s woes have worsened in recent trading as the pair continues its journey to its 2014 lows.
AUD/USD Technical Analysis: 2014 Low in the Crosshairs
AUD/USD Approaches 0.8660 Target With Reversal Signals Missing
AUD/USD’s woes have worsened in recent trading as the pair continues its journey to its 2014 lows.
Aussie and NZ Dollars Drop on Hong Kong Turmoil, RBNZ Intervention
The Australian and New Zealand Dollars fell as turmoil in Hong Kong fueled risk aversion while the RBNZ said it sold the most of the local unit in 7 years last month.
AUD/USD Technical Analysis: Pivotal Support Vulnerable

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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In 1983, the Australian Dollar was set to a free-floating exchange rate that could reflect the balance of payments and market drivers for the Australian economy.

Australia is noted for being the first country in the world to move to a complete system of bank notes made from polymer or plastic, first introduced in 1988 with the entire currency converted in 1996.

Of recent, The Australian Dollar was a favorite of carry traders as the commodity boom helped keep interest rates elevated while much of the developed world struggled with contractionary economic pressures. Interest rates were very low in developed economies such as The United States, Japan, and Europe and traders could borrow funds in these economies to invest in higher rates in Australia. This helped to drive The Australian Dollar to all-time highs against the US Dollar in 2011.