Australian Dollar General Info
The three letter currency code for the Australian Dollar is AUD
and the symbol is $.
It is the domestic currency in
Australia, Christmas Island, Cocos Keeling Islands, Heard And McDonald Islands, Kiribati, Nauru, Norfolk Island and Tuvalu.
The Australian dollar is the fifth most traded currency in the world, it trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling. The Australian dollar is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. The currency is commonly referred to by foreign-exchange traders as the Aussie dollar.
AUD - Market View
Bank of America Merrill Lynch have predicted that the Australian dollar-to-US dollar exchange rate will fall to 0.7 within 2017 – a move that would mark a near-6% from it's Q2 values. Analysts at the bank have come to their conclusion following an in-depth analysis of Australian steel production rates and port shipment data, both of which they see as indicative of likely currency direction, and both of which are declining. Any such fall would add to the Aussie’s current 4.2% decline in its US dollar buying power since March-21.
AUD/USD Updates - Mon 19:00 AEST
1 Day 1 Week: Australian Dollar started the week down against the United States Dollar with the AUD/USD at 0.7432, a drop of -0.2% and even for the week.
3 Month Trend: AUD/USD is trading lower in the last 3-month range [Hi:0.7727, Lo:0.7358] and for the quarter is down -3.12%
Australian Dollar - BER News
Throughout May, the British pound has battled with the $1.30 level against the US dollar. Since April 27th, the majority of trading in GBP/USD has occurred within a narrow range between $1.2845 and $1.30. Only once since that date did the pair manage to post a close above $1.30, which occurred on May 19th at... View article >
Posted on 27 May 2017 | 7:17 am GMT
Australian Dollar down -0.11% against the United States Dollar, up 0.86% against the British Pound Sterling, up 0.23% against the Euro, down -0.82% against the New Zealand Dollar, down -0.3% against the Chinese Yuan, down -0.59% against the Japanese Yen and down -0.48% against the Singapore Dollar. AUD 7 Day Cross-Rate Charts Read on for... View article >
Posted on 26 May 2017 | 9:02 pm GMT
The Thai baht had its best day yesterday since March and has forced itself to 22-month and 15-month highs against the US dollar and Australian dollar respectively. USD/THB fell by 0.55% yesterday to 34.15, finally breaking the 34.25 level that had held the pair up since April 3rd. And the baht has strengthened again this... View article >
Posted on 26 May 2017 | 7:15 am GMT
Australian Dollar down -0.62% against the United States Dollar, down -0.38% against the British Pound Sterling, down -0.54% against the Euro, down -0.24% against the New Zealand Dollar, down -0.93% against the Chinese Yuan, down -0.36% against the Japanese Yen and down -0.44% against the Singapore Dollar. AUD 7 Day Cross-Rate Charts Read on for... View article >
Posted on 25 May 2017 | 9:02 pm GMT
The Canadian dollar is in demand. An ever-so-slightly hawkish Bank of Canada statement, ever-so-slightly doveish FOMC minutes, and a surge in oil prices combined to crush USDCAD. It plunged from its pre-BoC perch of 1.3530 yesterday, to an overnight low of 1.3388. Profit taking and Opec meeting headlines lifted USDCAD to 1.3435 at the New... View article >
Posted on 25 May 2017 | 11:59 am GMT
Sterling After a brief rally against the majority of its peers yesterday morning the Pound (GBP) tumbled by the afternoon over new Brexit concerns. Sterling’s weakness was prompted by a report from BlueBay Asset Management who told traders that they should bet against the Pound as they predict turbulent Brexit negotiations will cause it to... View article >
Posted on 25 May 2017 | 8:47 am GMT
Australian Dollar up 0.37% against the United States Dollar, up 0.33% against the British Pound Sterling, even against the Euro, down -0.06% against the New Zealand Dollar, up 0.45% against the Chinese Yuan, up 0.1% against the Japanese Yen and up 0.1% against the Singapore Dollar. AUD 7 Day Cross-Rate Charts Read on for the... View article >
Posted on 24 May 2017 | 9:02 pm GMT
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