AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Open
0.66514-0.00481 (-0.72%)
As of: May 21, 2024 02:21 UTC
Open
0.66996
High
0.67300
Low
0.66372

Stats

Prev. Close

0.66995

Open

0.66996

Day's Range

0.66372 - 0.67300

52 Week Range

0.62704 - 0.70223

YTD Change

-2.36%

1 Year Change

0.07%

Economic CalendarAll Events

Time zone: GMT

Monday, May 20th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
23:00	USD	Fed Bostic Speech	Medium

Tuesday, May 21st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
00:30	AUD	Westpac Consumer Confidence IndexMay	Medium	82.2	83.1	82.4
00:30	AUD	Westpac Consumer Confidence ChangeMay	High	-0.3%	0.9%	-2.4%
01:30	AUD	RBA Meeting Minutes	High
13:00	USD	Fed Barkin Speech	Medium
13:00	USD	Fed Waller Speech	Medium
13:05	USD	Fed Williams Speech	Medium

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% May 24		5.5% May 24
Inflation Rate	3.6% Mar 24		3.4% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable