AUD/USD

AUD/USD
Australian Dollar - US Dollar
Closed
0.7420+0.0005 (+0.06%)
As of: Oct 15, 2021 20:55 UTC
Open
0.7416
High
0.7422
Low
0.7415

Stats

Prev. Close

0.7416

Open

0.7416

Day's Range

0.7415 - 0.7422

52 Week Range

0.6991 - 0.8107

YTD Change

-3.63%

1 Year Change

4.69%

Economic Calendar

Time zone: GMT

Friday, October 15th 2021

Time	Country	Event	Actual	Forecast	Previous
12:30	USD	Export Prices YoY	16.3 %	16.7 %	16.8 %
14:00	USD	Business Inventories MoM	0.6 %	0.6 %	0.6 %
14:00	USD	Michigan Consumer Sentiment Prel	71.4	73.1	72.8
16:20	USD	Fed Williams Speech

Monday, October 18th 2021

Time	Country	Event	Forecast	Previous
09:30	USD	Fed Quarles Speech
13:15	USD	Industrial Production YoY	5.7 %	5.9 %
13:15	USD	Industrial Production MoM	0.2 %	0.4 %

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	0.1% Oct 05, 21		0.25% Sep 22, 21
Inflation Rate	3.8% Q2 21		5.4% Sep 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable