AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Open
0.64995+0.00113 (+0.17%)
As of: Apr 25, 2024 14:59 UTC
Open
0.64883
High
0.65316
Low
0.64770

Stats

Prev. Close

0.64882

Open

0.64883

Day's Range

0.64770 - 0.65316

52 Week Range

0.62704 - 0.70223

YTD Change

-4.59%

1 Year Change

-3.04%

Economic CalendarAll Events

Time zone: GMT

Thursday, April 25th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	GDP Growth Rate QoQ AdvQ1	High	1.6%	2.5%	3.4%
12:30	USD	Retail Inventories Ex Autos MoM AdvMar	Medium	-0.1%	0.3%	0.3%
14:00	USD	Pending Home Sales MoMMar	Medium	3.4%	0.3%	1.6%
14:00	USD	Pending Home Sales YoYMar	Medium	0.1%	-4.0%	-7%

Friday, April 26th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
01:30	AUD	PPI QoQQ1	Medium		0.6%	0.9%
12:30	USD	PCE Price Index MoMMar	Medium		0.3%	0.3%
12:30	USD	PCE Price Index YoYMar	Medium		2.6%	2.5%

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