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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

AUDUSD Rebound Faces Initial Hurdle- Longs Scalps Favored Above 7365
Aussie is attempting to breach above multi-month resistance ahead of key event risk this week. Here are the updated targets & invalidation levels that matter.
AUD Breaks Out on RBA- NZD Outlook Hinges on Job/Wage Growth
The near-term advance in AUD/USD may gather pace over the near-term as the Reserve Bank of Australia (RBA) softs its verbal intervention in the local currency.
Range in USDOLLAR Index Offers Opportunities on Both Sides This Week
Event risk this week should jar the USDOLLAR Index from its two-plus week consolidation.
Australian Dollar Soars as RBA Drops Call for Depreciation
The Australian Dollar soared following the RBA monetary policy announcement as the central bank dropped its call for further depreciation.
AUD/USD Technical Analysis: Narrow Range Still in Play
AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention
The Reserve Bank of Australia (RBA) rate decision may dampen the appeal of the aussie should the central bank adopt a more dovish outlook for monetary policy.
AUD/USD Multi-Year Trendline at Risk on Weak Data, Dovish RBA
AUD/USD may threaten the upward trendline dating back to 2001 should the key developments coming out of Australia dampen the appeal of the higher-yielding currency.
US Dollar Set for Big Moves - Here are the Strategies We’re Watching
The US Dollar is likely to see strong moves in the days ahead—particularly versus the Australian, Canadian, and New Zealand Dollars. We like these trading strategies.
Dollar Demand Strong at Start of Critical Economic Data Week
The start of the month has brought a wave of fresh US Dollar buyers.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Aug 4
AUD Reserve Bank of Australia Rate Decision (AUG 4) 2.00% 2.0% 2.0%
Aug 6
AUD Employment Change (JUL) 10.0K 7.3K
AUD Unemployment Rate (JUL) 6.1% 6.0%

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.