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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 Dark Cloud Cover Delivers Dip To 0.9280 Floor
AUD/USD is left at a critical juncture as the pair threatens a push below the 0.9280 floor, which follows the emergence of a Dark Cloud Cover pattern.
Australian Dollar Ignores RBA with US Policy Bets in Focus
The Australian Dollar was little-changed after the Reserve Bank of Australia (RBA) kept it official cash rate and forward outlook for the country’s monetary policy unchanged.
Australian Dollar Confronts an RBA Decision with Heavy Speculation
The RBA rate decision due this morning is the first of five major central bank policy meetings this week. And, it also happens to carry some of the most market-moving potential.
AUD/USD Technical Analysis: Bearish Turn Signal Emerges
Scenarios for ECB, RBA and Other Central Bank Decisions This Week
There are five major central bank rate decisions scheduled this week, and most carry substantial potential for market volatility...
Fundamental Forecast: A Volatility Shift as Rate Decisions, NFPs Approach
Monday's trading session may be slow due to the US holiday, but we are marking a seasonal change in market activity...
AUD/USD Range May Remain As Dark Cloud Cover Rolls In
AUD/USD’s retreat from the 0.9370 hurdle has generated a Dark Cloud Cover formation.
AUD/USD Technical Analysis: Topping at Channel Resistance?
Euro Bears Shouldn’t Expect QE from ECB This Week
The Euro was the worst performing major currency last week, extending its losing streak against the US Dollar to seven consecutive weeks. EURUSD’s -0.84% drop last week sunk...
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?

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 09:11    

  • (GMT -12) GMT-12:00
  • (GMT -11) GMT-11:00
  • (GMT -10) Hawaii
  • (GMT -9) Aleutian
  • (GMT -8) Alaska
  • (GMT -7) Los Angeles, Vancouver
  • (GMT -6) US & Canada
  • (GMT -5) Chicago, Mexico City
  • (GMT -4) Toronto, New York, Santiago
  • (GMT -3) Brasilia, Buenos Aires, Halifax
  • (GMT -2) DeNoronha
  • (GMT -1) GMT-01:00
  • (GMT +0) UTC
  • (GMT +1) Lisbon, London
  • (GMT +2) Paris, Berlin
  • (GMT +3) Istanbul, Nairobi, Athens
  • (GMT +4) Dubai, Moscow
  • (GMT +5) Karachi, Islamabad
  • (GMT +5:30) Mumbai, Delhi
  • (GMT +6) Dhaka, Almaty
  • (GMT +7) Jakarta, Bangkok
  • (GMT +8) Shanghai, Singapore
  • (GMT +9) Tokyo, Seoul
  • (GMT +9:30) Adelaide, Darwin
  • (GMT +10) Brisbane, Sydney, Melbourne
  • (GMT +11) Vladivostok
  • (GMT +12) Auckland, GMT+12:00, Fiji
  • (GMT +13) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Sep 2
04:30
AUD Reserve Bank of Australia Rate Decision (SEP 2) 2.50% 2.50% 2.50%
Wed
Sep 3
01:30
AUD Gross Domestic Product (YoY) (2Q) 3.0% 3.5%

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.