AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Closed
0.65337+0.00117 (+0.18%)
As of: Apr 26, 2024 20:59 UTC
Open
0.65219
High
0.65561
Low
0.65173

Stats

Prev. Close

0.65219

Open

0.65219

Day's Range

0.65173 - 0.65561

52 Week Range

0.62704 - 0.70223

YTD Change

-4.09%

1 Year Change

-1.13%

Economic CalendarAll Events

Time zone: GMT

Friday, April 26th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Personal Income MoMMar	High	0.5%	0.5%	0.3%
12:30	USD	Core PCE Price Index MoMMar	High	0.3%	0.3%	0.3%
12:30	USD	Personal Spending MoMMar	High	0.8%	0.6%	0.8%
14:00	USD	Michigan Consumer Sentiment FinalApr	Medium	77.2	77.8	79.4

Monday, April 29th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:30	USD	Dallas Fed Manufacturing IndexApr	Medium		-11	-14.4
19:00	USD	Treasury Refunding Financing Estimates	Medium

Tuesday, April 30th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
01:30	AUD	Retail Sales MoM PrelMar	Medium		0.2%	0.3%

AUD/USD

Referred to as a commodity currency, the Aussie has close correlation with commodity prices due to its traditional reliance on the trade of natural resources. Historically, yield differentials delivered strong demand for the Aussie Dollar through carry trades, making the Aussie Dollar a riskier asset. In recent years, record low interest rates has given the upper hand to the Greenback. While a commodity currency, the Aussie Dollar is also a proxy to the Chinese Yuan and sees material political and economic influence from China. The AUD/USD ranks as the 4th most liquid currency pairing, accounting for 6% of total transaction volume.

	Australia		United States
Interest Rate	4.35% Mar 24		5.5% Mar 24
Inflation Rate	3.6% Mar 24		3.5% Mar 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable