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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

AUD/USD Remains Range-Bound As Dojis Highlight Hesitation
AUD/USD continues to endure a consolidation within its recent band with a deluge of short-body candlesticks.
Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
The British Pound is likely to decline if a soft set of third-quarter UK GDP figures erodes Bank of England interest rate hike expectations.
AUD/USD Technical Analysis: Still Looking for Direction
AUD/USD Triangle Break Near?
US Dollar Looks like an Attractive Buy versus Euro, Sterling, Yen
The US Dollar remains a buy as our FX trader data shows it is likely to continue higher versus the Euro, Sterling, and Yen. Here’s what we’re watching.
Australian Dollar Likely to Break Lower versus Greenback
The retail FX trading crowd remains heavily long the Australian Dollar versus its US namesake, and such consistent buying acts as contrarian signal that the AUDUSD may continue lo...
AUD/USD Technical Analysis: Treading Water Sub-0.89 Mark
AUD/USD Compression Continues As Candlesticks Indicate Indecision
AUD/USD remains trapped within its narrow trading band between 0.8660 and 0.8885 with an ensemble of Dojis evident on the daily.
Strategy Video: Assessing Breakout Opportunities for the Majors
There is little reassurance amongst traders with the moderation in activity for the markets recently.
USDOLLAR at Key Resistance - Reaction to Provoke EUR/USD, AUD/USD
The USDOLLAR Index continues to edge higher from its mid-October lows, but hasn't yet cleared a necessary level to reengage USD longs elsewhere.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Oct 22
00:30
AUD Consumer Prices Index (YoY) (3Q) 2.3% 2.3% 3.0%

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.