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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

US Dollar Still in Driver’s Seat versus Commodity Bloc
Meanwhile, EURUSD remains sensitive to shifts in global equity markets.
Euro, Yen Rise as Jackson Hole Outcome Sends Markets Scrambling
The Euro and the Japanese Yen rose as interest rate hike fears following the Jackson Hole Symposium fueled renewed risk aversion around financial markets.
Weekly Trading Forecast: FX Traders Brace for Huge Week Ahead
Major market volatility is nearly guaranteed on big tests ahead for the US Dollar and broader FX markets. Here are the critical events we’re watching.
Australian Dollar at Risk on RBA, Rebuilding Fed Rate Hike Bets
The Australian Dollar looks vulnerable to deeper losses in the week ahead as Fed rate hike bets rebuild while RBA rhetoric takes a dovish turn.
The Weekly Volume Report: Volume Spikes With Spot
Another high volume reversal in AUD/USD...
US Dollar Once Again in Control versus British Pound, Gold Prices
The US Dollar looks likely to resume its uptrend versus the British Pound and Gold. Here are the factors we’re watching.
Australian Dollar Outlook Remains Bearish until this Changes
The majority of retail FX traders remain long the Australian Dollar versus the US Dollar, and a contrarian view of crowd sentiment leaves us firmly in favor of selling into AUD de...
US Dollar May Rise as Sentiment Sours Anew on Revised 2Q GDP Data
The US Dollar may rise while risk appetite sours anew if an upside revision to second-quarter US GDP figures rekindles 2015 Fed rate hike speculation.
Australian Dollar Gains as Capex Data Boosts RBA Policy Bets
The Australian Dollar rose as guidance in the second-quarter capex report offered support to RBA monetary policy expectations.
AUD/USD Downside Targets in Focus Ahead of RBA September Meeting
AUD/USD remains at risk for a further decline ahead of the RBA interest rate decision as the bearish formation continues to take shape

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT010:51    

  • (GMT-12) GMT-12:00
  • (GMT-11) GMT-11:00
  • (GMT-10) Hawaii
  • (GMT-9) Aleutian
  • (GMT-8) Alaska
  • (GMT-7) Vancouver, Los Angeles
  • (GMT-6) US & Canada
  • (GMT-5) Mexico City, Chicago
  • (GMT-4) New York, Toronto
  • (GMT-3) Buenos Aires, Halifax, Santiago, Brasilia
  • (GMT-2) DeNoronha
  • (GMT-1) GMT-01:00
  • (GMT+0) UTC
  • (GMT+1) London, Lisbon
  • (GMT+2) Paris, Berlin
  • (GMT+3) Moscow, Istanbul, Nairobi, Athens
  • (GMT+4) Dubai
  • (GMT+5) Islamabad, Karachi
  • (GMT+5:30) Mumbai, Delhi
  • (GMT+6) Dhaka, Almaty
  • (GMT+7) Jakarta, Bangkok
  • (GMT+8) Singapore, Shanghai
  • (GMT+9) Seoul, Tokyo
  • (GMT+9:30) Adelaide, Darwin
  • (GMT+10) Vladivostok, Melbourne, Sydney, Brisbane
  • (GMT+12) Auckland, GMT+12:00, Fiji
  • (GMT+13) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Sep 1
04:30
AUD Reserve Bank of Australia Rate Decision (SEP 1) 2.00% 2.00%
Wed
Sep 2
01:30
AUD Gross Domestic Product (YoY) (2Q) 2.20% 2.30%

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.