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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 Vulnerable to Weak 2Q CPI Report; Key Support Zones in Focus
The AUD/USD may come under increased pressure over the next 24-hours of trade should Australia’s 2Q Consumer Price Index (CPI) drag on interest rate expectations.
US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts
The US Dollar is likely to rise amid firming Fed policy speculation if June’s US inflation data tops economists’ consensus forecasts.
Dollar: Can US CPI Break Greenback’s Technical Boundaries?
The Dow Jones FXCM Dollar Index (ticker = USDollar) was nudged higher this past session, but the move clearly lacked the belief we would expect from a commitment from bulls. Simil...
Dollar Trade Options on CPI Data
There are two ways the dollar is moving: an abrupt change in the appetite for risk or a meaningful alteration in Fed rate expectations...
AUD/USD Technical Analysis: Still Range-Bound Above 0.93
Fundamental Forecast: Volatility Turning Over as Events Shape Rates
Was last week's volatility jump just another short-lived blip on the radar or is the frequency of these spells showing a bigger change at work?
AUD/USD Eyes Range Support Ahead of 2Q CPI- NZD Opening Gap in Focus
The Dow Jones-FXCM U.S. Dollar Index remains at risk for a topping process, while the AUD/USD eyes key support as it falls back from resistance.
AUD/USD Sideways Drift Leaves Range Trading Preferred
AUD/USD remains range-bound with key reversal signals absent on the daily suggesting the pair’s consolidation may continue.
Euro Starts to Slip Under Weight of Falling Inflation Expectations
Now that inflation expectations are falling, additional evidence of slowed growth can compound the issues facing the Euro in the near-term. While we anticipate exogenous influence...
Weekly Trading Forecast: Will Volatility Spread to the FX Market?
Geopolitical tensions boiled to the surface this past week and created significant market swells. Is this just another one-off jump in fear or a turning point in sentiment? What l...

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 19:44    

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Jul 22
03:00
RBA's Stevens speaks in Sydney
Wed
Jul 23
01:30
AUD Consumer Prices Index (YoY) (2Q) 3.0% 2.9%

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.