AUD/USD

AUD/USD
Australian Dollar - US Dollar
0.7734-0.0016 (-0.20%)
As of: Apr 16 20:55 UTCMarket:Closed
Open
0.7750
High
0.7737
Low
0.7731

Stats

Prev. Close

0.7750

Open

0.7750

Day's Range

0.7731 - 0.7737

52 Week Range

0.6254 - 0.8007

YTD Change

0.45%

1 Year Change

21.61%

Economic Calendar

Time zone: GMT

Friday, April 16th 2021

Time	Country	Event	Actual	Forecast	Previous
14:00	USD	Michigan Consumer Sentiment Prel	86.5	89.6	84.9
14:00	USD	Michigan Current Conditions Prel	97.2	96.3	93
14:00	USD	Michigan Consumer Expectations Prel	79.7	83.6	79.7
14:00	USD	Michigan Inflation Expectations Prel	3.7 %	3.2 %	3.1 %

Tuesday, April 20th 2021

Time	Time Left	Country	Event	Impact	Actual	Forecast	Previous
01:30		AUD	RBA Meeting Minutes
20:30		USD	API Crude Oil Stock Change				-3.61 M

Wednesday, April 21st 2021

Time	Time Left	Country	Event	Impact	Actual	Forecast	Previous
01:30		AUD	Retail Sales MoM Prel			0.2 %	-0.8 %

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% Apr 06, 21		0.25% Mar 17, 21
Inflation Rate	0.9% Q4 20		2.6% Mar 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAANegative	AaaStable	AA+Stable