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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 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.
Pound at Risk on Status-Quo BOE Minutes, US Dollar May Rise on CPI
The British Pound may fall if minutes from October’s BOE meeting show the hawks unable to expand their ranks. The US Dollar may rise if inflation data tops forecasts.
AUD/USD Dojis Signal Indecision As Intraday Swings Endure
AUD/USD’s intraday volatility has been met with little directional follow-through, leaving an ensemble of Dojis in its path.
Dollar Untroubled by Risk Swell, Rises As Peers Weaken
Investor sentiment – in the form of volatility readings and equity indexes – improved markedly this past session while rate forecasts for the Fed posted comparatively ...
Australian Dollar Little-Changed on 3Q Inflation Figures
The Australian Dollarwas little-changed after third-quarter inflation figures printed in line with expectations, offering little insight for RBA policy expectations.
AUD/USD Technical Analysis: Aussie Consolidation Continues
AUD/USD Risks Bearish Break on Slowing Australia CPI- 0.8600 on Tap?
The AUD/USD may fail to retain the wedge/triangle formation from earlier this month should Australia’s 3Q Consumer Price Index (CPI) report drag on interest rate expectations.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

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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.