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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

Awaiting Inevitable Breaks
There are some pairs that are facing major breakouts due to technical conditions, fundamental circumstances and even a mixture of both...
Trading Video: Different Breakout Pressure for EURUSD, NZDUSD and GBPUSD
Breakout pressure is building across the board - from high-minded fundamental themes like 'risk appetite' to individual currency pairs running out of trading room...
Strategy Video: EURUSD, GBPUSD, USDJPY - Path of Least Resistance
What is more likely: forging a major breakout or seeing a correction at a range boundary? Markets follow the path of least resistance...
AUD/USD Technical Analysis – Trend Line Support in Focus
AUD/USD Cracks Impulsive Channel Support
AUD/NZD Fails to Close Above 1.09- GBP/NZD Risks Fresh Highs on RBNZ
The Dow Jones-FXCM U.S. Dollar Index is benefitting from the decline in the AUD/USD, while the GBP/NZD risks fresh highs on a less-hawkish RBNZ.
EUR/AUD, EUR/USD Reverse Data Slump; GBP/USD Bull Flag or Double Top
Surprises across the board from the market moving data in the Asian and European sessions leaves several of the major currencies waking up after several days of incredibly low vola...
Forex: Aussie Dollar Sinks on Soft CPI, Euro May Fall on PMI Data
The Australian Dollar sank as soft first-quarter CPI data eroded RBA rate hike bets. The Euro may decline if April’s PMI figures bolster the case for added ECB stimulus.
AUD/USD Technical Analysis – Aussie Ready to Rebound?
Bullish AUD/USD Momentum Wanes Ahead of 1Q CPI- Lower High in Place?
The AUD/USD faces a greater risk of carving a near-term top in April should Australia’s 1Q CPI reading fail to meet market expectations.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 11:00    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Apr 23
01:30
LIVE
AUD Consumer Prices Index (YoY) (1Q) 2.9% 3.2% 2.7%

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.