AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Closed
0.66606-0.00284 (-0.42%)
As of: Mar 24, 2023 21:00 UTC
Open
0.66883
High
0.66944
Low
0.66252

Stats

Prev. Close

0.66890

Open

0.66883

Day's Range

0.66252 - 0.66944

52 Week Range

0.61311 - 0.76612

YTD Change

-2.21%

1 Year Change

-11.31%

Economic CalendarAll Events

Time zone: GMT

Friday, March 24th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:30	USD	Fed Bullard Speech	Medium
13:45	USD	S&P Global Manufacturing PMI FlashMar	Medium	49.3	47	47.3
13:45	USD	S&P Global Composite PMI FlashMar	Medium	53.3	49	50.1
13:45	USD	S&P Global Services PMI FlashMar	Medium	53.8	50.5	50.6

Monday, March 27th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:30	USD	Dallas Fed Manufacturing IndexMar	Medium		-10	-13.5
21:00	USD	Fed Jefferson Speech	Medium

Tuesday, March 28th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
00:30	AUD	Retail Sales MoM PrelFeb	Medium		0.4%	1.9%

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	3.6% Mar 23		5% Mar 23
Inflation Rate	7.8% Dec 22		6% Feb 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable