AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Open
0.66312+0.00301 (+0.46%)
As of: Jun 05, 2023 14:09 UTC
Open
0.66011
High
0.66376
Low
0.65795

Stats

Prev. Close

0.66011

Open

0.66011

Day's Range

0.65795 - 0.66376

52 Week Range

0.61311 - 0.72477

YTD Change

-2.64%

1 Year Change

-8.08%

Economic CalendarAll Events

Time zone: GMT

Monday, June 5th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:45	USD	S&P Global Services PMI FinalMay	Medium	54.9	55.1	53.6
14:00	USD	Factory Orders MoMApr	Medium	0.4%	0.8%	0.6%
14:00	USD	ISM Services EmploymentMay	Medium	49.2	50.8	50.8
14:00	USD	ISM Services PMIMay	High	50.3	52.2	51.9

Tuesday, June 6th 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
04:30	AUD	RBA Interest Rate Decision	High		3.85%	3.85%
14:00	USD	IBD/TIPP Economic OptimismJun	Medium		40	41.6
20:30	USD	API Crude Oil Stock ChangeJun/02	Medium			5.202M

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	3.85% May 23		5.25% May 23
Inflation Rate	7% Mar 23		4.9% Apr 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable