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.

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DailyFXTeam Apr 16, 2024 Follow

Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.16% 🇬🇧GBP: -0.16% 🇨🇦CAD: -0.30% 🇳🇿NZD: -0.40% 🇦🇺AUD: -0.63% View the performance of all markets via https://t.co/Mgr02PP6TS https://t.co/ueFp9f6nD0

DailyFXTeam Apr 16, 2024 Follow

IG Client Sentiment Update: Our data shows the vast majority of traders in AUD/USD are long at 82.01%, while traders in USD/JPY are at opposite extremes with 84.63%. See the summary chart below and full details and charts on DailyFX: https://t.co/QeYdESR2tp https://t.co/McMDVJJ99m