AUD/USD

AUD/USD
Australian Dollar - US Dollar
Open
0.7179+0.0004 (+0.06%)
As of: Jan 24, 2022 03:34 UTC
Open
0.7175
High
0.7188
Low
0.7170

Stats

Prev. Close

0.7175

Open

0.7175

Day's Range

0.7170 - 0.7188

52 Week Range

0.6981 - 0.8007

YTD Change

-1.17%

1 Year Change

-6.91%

Economic Calendar

Time zone: GMT

Friday, January 21st 2022

Time	Time Left	Country	Event	Impact	Actual	Forecast	Previous
16:30		USD	Treasury Secretary Yellen Speech

Sunday, January 23rd 2022

Time	Country	Event	Actual	Forecast	Previous
22:00	AUD	Markit Composite PMI Flash	45.3	54.5	54.9
22:00	AUD	Markit Manufacturing PMI Flash	55.3	57	57.7
22:00	AUD	Markit Services PMI Flash	45	54.8	55.1

Monday, January 24th 2022

Time	Time Left	Country	Event	Forecast	Previous
13:30	09:55	USD	Chicago Fed National Activity Index	0.49	0.37
14:45	11:10	USD	Markit Services PMI Flash	55	57.6
14:45	11:10	USD	Markit Composite PMI Flash	56.7	57

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% Dec 07, 21		0.25% Nov 03, 21
Inflation Rate	3% Q3 21		6.8% Nov 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable