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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 Risks Fresh 2015 Lows on Dismal Australia 2Q GDP Report
AUD/USD may extend the decline from earlier this week and target fresh 2015 low should Australia’s 2Q GDP report drag on interest rate expectations.
AUDNZD: Rinse & Repeat- Reversal Scalp Back in Play Ahead of GDP
AUDNZD has reversed off this slope for the fifth time. Here are the updated targets & invalidation levels that matter.
AUD/USD Below 2001-2008 Trendline
US Dollar Stands at Pivotal Price Levels on Big Week for FX Markets
The Euro trades at pivotal support versus the US Dollar, while the USD challenges key resistance across the board. A big week for FX markets suggests major breakouts are likely.
USDOLLAR Index Lacking Uniform Theme as Risk Sours
There are several factors in play that are determining the US Dollar's recent path.
Australian Dollar Little Changed as RBA Opts for Status Quo
The Australian Dollar was little-changed against its US namesake after the Reserve Bank of Australia left the benchmark lending rate at 2 percent, as expected.
AUD/USD Range Vulnerable to Dovish RBA, Slowing China
A more cautious tone out of the RBA may produce fresh 2015 lows in AUD/USD should the central bank show a greater willingness to further embark on its easing cycle.
Webinar: ECB, NFP Report to Carve Opening Range for Euro Crosses
Featured setups we’ll be trading this week as we kick-off September trade with key event risk on tap. Here are the updated targets & invalidation levels that matter.
Forex Volatility Risk Remains High on Critical Week for US Dollar
The US Dollar ends the month of August almost exactly where it began versus the Euro and other key counterparts. What might we expect in the coming week and in September?
US Dollar Still in Driver’s Seat versus Commodity Bloc
Meanwhile, EURUSD remains sensitive to shifts in global equity markets.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT002:24    

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  • (GMT+12) Auckland, GMT+12:00, Fiji
  • (GMT+13) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Sep 1
04:30
AUD Reserve Bank of Australia Rate Decision (SEP 1) 2.00% 2.00% 2.00%
Wed
Sep 2
01:30
AUD Gross Domestic Product (YoY) (2Q) 2.0% 2.2% 2.3%

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.