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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

Contagion Contained as Euro Rebounds Post-Greek Elections
Incoming Greek leadership has stated their desire to stay in the Euro-Zone, removing the existential threat of the Euro's demise, for now.
Euro Shrugs Off Widely Expected Greek Election Outcome
The Euro dipped downward but swiftly erased losses in the aftermath of a widely expected victory by the Syriza party in the weekend’s Greek election.
AUD/USD Technical Analysis: Working on Sixth Down Day
EUR/USD Risk Triumvirate to Keep Volatility Elevated This Week
The Euro’s beating continued last week, with fresh 11-year lows coming against the US Dollar after the European Central Bank unveiled its much-anticipated QE program. There ...
EUR Tumbles Post-ECB; Does New QE Program Live Up to Hype?
The ECB has finally joined the QE party, albeit five-years late...
Pound Eyeing Carney Comments for Guidance, Euro to Look Past PMIs
The British Pound is looking to comments from BOE Governor Carney for direction cues while the Euro is likely to overlook January’s flash PMI data set.
AUD/USD Technical Analysis: Targeting Below 0.80 Figure
AUD/USD Rolls Over from Trendline Resistance
AUDCAD Technical Confluences Favor Bears
AUDCAD technical confluences favor bears.
GBPAUD Pulling Back Towards Support
GBPAUD offering a potential long entry.

Australian Dollar Trading Forecast

Symbol Forecast Outlook

Forex Economic Calendar

Current Time:

GMT0 16:28    

  • (GMT -12) GMT-12:00
  • (GMT -11) GMT-11:00
  • (GMT -10) Aleutian, Hawaii
  • (GMT -9) Alaska
  • (GMT -8) Los Angeles, Vancouver
  • (GMT -7) US & Canada
  • (GMT -6) Chicago, Mexico City
  • (GMT -5) Toronto, New York
  • (GMT -4) Halifax
  • (GMT -3) Buenos Aires, Santiago
  • (GMT -2) Brasilia, DeNoronha
  • (GMT -1) GMT-01:00
  • (GMT +0) Lisbon, London, UTC
  • (GMT +1) Paris, Berlin
  • (GMT +2) Istanbul, Athens
  • (GMT +3) Nairobi
  • (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) Darwin
  • (GMT +10) Brisbane
  • (GMT +10:30) Adelaide
  • (GMT +11) Vladivostok, Sydney, Melbourne
  • (GMT +12) GMT+12:00
  • (GMT +13) Auckland, Fiji
  • (GMT +14) Samoa
Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Jan 28
00:30
AUD Consumer Prices Index (YoY) (4Q) 1.8% 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.