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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 Braces for Volatility on Torrent of Top-Tier Events
The Aussie Dollar is offered an abundance of event risk with Q2 GDP data, and the RBA rate decision on tap. Yet can they catalyze a break of AUD/USD’s multi-month range?
Weekly Trading Forecast: NFPs, An ECB Rate Decision and Return of Liquidity
An extended holiday weekend for the US marks the end of the summer slump. Can seasonal shift leverage events like NFPs and an ECB decision to a more systemic change in volatility ...
AUD Braces for Volatility on Torrent of Top-Tier Events
The Aussie Dollar is offered an abundance of event risk with Q2 GDP data, and the RBA rate decision on tap. Yet can they catalyze a break of AUD/USD’s multi-month range?
AUD/USD Holds August Opening Range Ahead of RBA, 2Q GDP
The Dow Jones-FXCM U.S. Dollar Index continues to hold above trendline resistance, while the AUD/USD holds the opening month range going into September.
AUD/USD Awaiting Breakout Above Recent Highs To Open 0.9455
AUD/USD has stalled at the 0.9370 ceiling, yet an absence of reversal candlesticks warrants some skepticism over the potential for a correction.
Euro Looking for a Lifeline in Inflation Data as ECB Meeting Looms
The Euro is looking for a lifeline in Augusts’ inflation data amid churning stimulus expansion bets ahead of next week’s ECB monetary policy announcement.
AUD/USD Technical Analysis: Moving to Down Trend Bound
AUD/USD Reacts at 50% of Recent Drop
Australian Dollar Shows Signs of Important Reversal
The majority of traders remain long the Australian Dollar versus the US Dollar, but a recent shift in sentiment warns of a potentially significant turn in the AUD trend.
AUD/USD Probing 0.9370 Hurdle With Bearish Signals Lacking
The Australian Dollar has managed to clear the 0.9330 barrier with a void of bearish candlesticks casting doubt on a correction.

Australian Dollar Trading Forecast

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Date Time Currency Event Importance Actual Forecast Previous Notes
There are no events scheduled.

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.