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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 Turns Over (Again) Before Channel Resistance
US Dollar Poised for Further Gains, but Watch Nonfarm Payrolls
The US Dollar has surged across the board, and retail FX traders continue selling into gains. We view this as a contrarian signal the Greenback continues higher.
Australian Dollar at Potential Turning Point
We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the AUDUSD may continue higher.
EUR/USD Rips on ECB Projections, then Dips on QE Program Details
EURUSD was swiftly rejected at its former 2015 lows near $1.1100.
AUD/USD Technical Analysis: Stalling Below Key Trend Line
GBPAUD Reversal at Interim Support- Scalps Target 1.9500
GBPAUD is coming into near-term support with immediate short-bias now at risk. Here are the updated targets & invalidation levels.
Into the Storm: US ADP, ISM Services Start Three Day Data Blitz
Event risk is heavy the through the end of the week; today the focus is on the Canadian and US Dollars.
Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts
Talking Points:

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 18:44    

  • (GMT -12) GMT-12:00
  • (GMT -11) GMT-11:00
  • (GMT -10) Aleutian, Hawaii
  • (GMT -9) Alaska
  • (GMT -8) Vancouver, Los Angeles
  • (GMT -7) US & Canada
  • (GMT -6) Mexico City, Chicago
  • (GMT -5) New York, Toronto
  • (GMT -4) Halifax
  • (GMT -3) Buenos Aires, Santiago, Brasilia
  • (GMT -2) DeNoronha
  • (GMT -1) GMT-01:00
  • (GMT +0) London, Lisbon, UTC
  • (GMT +1) Paris, Berlin
  • (GMT +2) Istanbul, Athens
  • (GMT +3) Moscow, Nairobi
  • (GMT +4) Dubai
  • (GMT +5) Islamabad, Karachi
  • (GMT +5:30) Mumbai, Delhi
  • (GMT +6) Dhaka, Almaty
  • (GMT +7) Jakarta, Bangkok
  • (GMT +8) Singapore, Shanghai
  • (GMT +9) Seoul, Tokyo
  • (GMT +9:30) Darwin
  • (GMT +10) Vladivostok, Brisbane
  • (GMT +10:30) Adelaide
  • (GMT +11) Melbourne, Sydney
  • (GMT +12) GMT+12:00
  • (GMT +13) Auckland, Fiji
  • (GMT +14) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Mar 3
03:30
AUD Reserve Bank of Australia Rate Decision (MAR 3) 2.25% 2.00% 2.25%
Wed
Mar 4
00:30
AUD Gross Domestic Product (YoY) (4Q) 2.5% 2.5% 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.