AUDUSD (AUDUSD^)

Pairing – The amount of US dollars (USD) that one can buy for every Australian dollar (AUS).

Position

AUD – World’s fifth most traded currency

USD - World’s most traded currency

Important factors

  • Commodities – There is perhaps no other pairing that is more influenced by the value of commodities related to each country, as proven by the fact that this pairing is often referred to as a ‘commodity pair.’ While the value of gold, nickel, oil, coal, and more affect the Australian dollar’s value, the US dollar is more likely to be effected by changes in the precious metal, oil, and technology sectors.
  • Manufacture - It isn’t only natural resources that affect the USD value, the US delivers 18% of the global manufacturing output, so labour force and unemployment data can have a heavy effect on this pairing.
  • Interest rates – The differential within the interest rates in Australia and the US set out by the RBA (the central bank of Australia) and the US Federal Reserve.
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Symbol
AUDUSD^

Trading Hours
24 hours

Minimum Size
1,000 Notional or 0.1 Lot

Minimum stop distance

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