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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 Pops but Lots to Overcome at the Recent High
AUD/USD Post-RBA Advance to Gain From Strong Australia Retail Sales
A strong Australia 1Q Retail Sales report may encourage a further advance in AUD/USD as the Reserve Bank of Australia (RBA) shifts its outlook for monetary policy.
AUD/USD Retail Crowd Remains Short Even as RBA Concludes Easing Cycle
The retail FX crowd remains short AUD/USD even as the Reserve Bank of Australia (RBA) signals an end to its easing cycle.
Putting USD Correction into Perspective Post-GDP, Pre-NFPs
May seasonality calls for US Dollar gains, but Friday's NFP release will be the ultimate determinant of the buck's direction.
US Dollar Eyes Services ISM Data, Aussie Dollar Gains Despite RBA Cut
The US Dollar looks to April’s service-sector ISM data to inform Fed policy speculation. The Australian Dollar rose despite an RBA interest rate cut.
Australian Dollar Gains Despite RBA Interest Rate Cut
The Australian Dollar gained despite an RBA interest rate cut as the central bank hinted that further easing is probably not on the horizon in the near term.
AUD/USD Technical Analysis: Waiting to Reassess After RBA
AUD/USD April Rebound at Risk on RBA Rate Cut, Verbal Intervention
AUD/USD may ultimately give back the rebound from April should the Reserve Bank of Australia (RBA) further embark on its easing cycle while jawboning the aussie.
Trading Video: Dollar and Risk Slowly Climb as Euro and Aussie Face Event Risk
There are few riskier environments for speculators than in the twilight between 'correction' and 'reversal'.
Video: Heavy Speculation of a Rate Cut Marks RBA Decision as Volatility Event
Back in February, the RBA cut its benchmark lending rate for the first time in 16 months to a record low.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
May 5
AUD Reserve Bank of Australia Rate Decision (MAY 5) 2.00% 2.00% 2.25%
May 7
AUD Employment Change (APR) 4.0K 37.7K
AUD Unemployment Rate (APR) 6.2% 6.1%
May 8
AUD RBA Statement on Monetary Policy

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.