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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

Economic Data Holding Back Euro as ECB Pleads for Weaker FX Rates

Despite the continued and prevalent threat of aggressive dovish policy action by the European Central Bank, the Euro remained buoyant against its major counterparts for the second...

Forex Weekly Trading Forecasts: A Return of Liquidity Likely to Revive Volat...

The holiday liquidity drain this week has not only curbed volatility, it has distorted trends - leading to a rebound in 'risk' and dollar. So, what happens when the markets are to...

Dollar Pushed to the Edge with Risk and Yields Raising the Stakes

Though its progress was restrained by the same liquidity drain that reined in risk trends, the dollar managed a broad recovery this past week.

Australian Dollar Facing Conflicting Domestic, External Catalysts

The Australian Dollar will face conflicting catalysts as domestic economic data and external developments drive volatility in the relative monetary policy outlook.

Trading Video: A Return to Volatility for FX and Equity Markets Next Week

What could have come of the recent swell in risk aversion had the holiday liquidity drain not been there to curb the tide? We may not have to wonder too much longer.

Key Risks to EUR, NZD, GBPAUD Scalp Setups

A recap of this week’s highlighted setups and updated targets heading into next week.

Forex: Market Activity Set for Pickup on Heavy Event Risk Next Week

A busy economic calendar is likely to fuel a pickup in financial market action next week after markets emerge from the Easter holiday lull in activity.

Euro Ready for a Short-term Breakout, Trend Revival When Liquidity Returns

Activity levels for EURUSD are extraordinary. Regardless of how we measure the trading conditions behind the market’s most liquid currency pair, we are left with an assessme...

Trading Video: Liquidity Delays EURUSD, GBPJPY, Yen Setups

Great trading opportunity lies ahead, but expectations must be reasonable for when and where we can act...

AUD/USD Technical Analysis – Support Met Above 0.93 Mark

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
Apr 23
01:30
LIVE
AUD Consumer Prices Index (YoY) (1Q) 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.