AUD/USD

AUD/USD
Australian Dollar - US Dollar
Open
0.7127+0.0009 (+0.13%)
As of: Dec 01, 2021 00:14 UTC
Open
0.7118
High
0.7135
Low
0.7080

Stats

Prev. Close

0.7118

Open

0.7118

Day's Range

0.7080 - 0.7135

52 Week Range

0.7106 - 0.8107

YTD Change

-7.44%

1 Year Change

-3.15%

Economic Calendar

Time zone: GMT

Tuesday, November 30th 2021

Time	Country	Event	Actual	Forecast	Previous
18:00	USD	Fed Clarida Speech
21:30	USD	API Crude Oil Stock Change	-0.75 M	-1.67 M	2.31 M
21:30	AUD	Ai Group Manufacturing Index	54.8	51.4	50.4
22:00	AUD	Markit Manufacturing PMI Final	59.2	58.5	58.2

Wednesday, December 1st 2021

Time	Time Left	Country	Event	Forecast	Previous
00:30	00:15	AUD	GDP Growth Rate YoY	3 %	9.6 %
00:30	00:15	AUD	GDP Growth Rate QoQ	-2.7 %	0.7 %
13:15	13:00	USD	ADP Employment Change	525 K	571 K

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% Nov 02, 21		0.25% Nov 03, 21
Inflation Rate	3% Q3 21		6.2% Oct 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable