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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

Be Selective in EUR Exposure, Pockets of Strength Found
The Euro isn't all good or all bad - there are long and short opportunities shaping up equally, you just need to be selective.
Yen Drops, Aussie and NZ Dollars Rise on GPIF Asset Allocation Change
The Japanese Yen declined while the Australian and New Zealand Dollars rallied amid reports revealing the new asset allocation mix of Japan’s GPIF pension fund.
AUD/USD Awaiting Break From Range For A Clearer Directional Bias
AUD/USD remains trapped within its 0.8660 to 0.8900 trading range with recent candlestick reversal signals finding little follow-through on the daily.
AUD/USD Awaiting Break From Range For A Clearer Directional Bias
AUD/USD remains trapped within its 0.8660 to 0.8900 trading range with recent candlestick reversal signals finding little follow-through on the daily.
AUD/USD Technical Analysis: Ranging in Familiar Territory
Euro Faces Economic Headwinds with Weakening German, Euro-Zone PMIs
The big concern levied by market participants that’s holding back the Euro is the ongoing pressure in medium-term inflation expectations.
Weekly Trading Forecast: Complacency Cracks, Is this the Long-Await Reversal?
Traders' nerves were shaken this past week as volatility surged and capital markets stumbled. Now the focus turns to whether the correction is over or just beginning...
The US Dollar’s Moment of Vulnerability
Yesterday was a bad, bad day for the US Dollar.
AUD/USD Swings Continues As Intraday Candlesticks Signal Turning Points
AUD/USD’s wild intraday swings continue to leave a plethora of candlestick patterns in its path.
Dollar Hobbled, Equities Bolstered by Bullard’s QE Comments
Though the capital markets aren’t collapsing, sentiment is still doused in volatility and structural concerns continue to march forward.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 13:04    

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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% 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.