Australian dollar

Australian Dollar plunged nearly 1.8% off the monthly high with AUD/USD turning from technical downtrend resistance. The levels that matter on the Aussie weekly chart.

Australian Dollar is testing uptrend support today and is threatening a deeper correction in the Aussie. Levels that matter on the AUD/USD short-term technical charts.

Australian Dollar surged nearly 3.7% off the yearly lows with Aussie now eyeing key technical resistance. The levels that matter on the AUD/USD weekly chart.

Australian Dollar responded to downtrend resistance and the battle lines are drawn into the April open. Levels that matter on the AUD/USD short-term technical charts.

An initial glance at RBA's statement suggests they are nearing the end of the tightening cycle, and perhaps one step closer to publicly discussing a pause.

Learn about the 10 most traded currencies like the dollar, euro, and yen and why forex traders prefer trading these major currencies.

Whilst Australian employment held up, it doesn’t let inflation off the hook as a weak print tomorrow could see rate cut calls resurface.

For the second day in a row, the Japanese yen is the weakest major currency as today’s heavy risk-on bent leads to selling in the safe haven currency. Meanwhile, the aussie has caught a big bid despite the RBA citing “increased risks” to the household sector.

The US dollar perked up mid-Asia, weighing notably on commodity currencies AUD and NZD ahead of the meeting. With a likely swing high in pace, AUD/USD could be headed for 70c.

The Australian dollar took a tumble across the board after today’s GDP miss. Coming in a 2.3% YoY versus 2.5% expected, it takes the 2018 average down to 2.9% and below RBA’s estimate of 3%.

US and Chinese trade negotiators kicked off another round of talks today after President Trump labeled last week’s discussions in Beijing “very productive.” Today and tomorrow feature lower-level officials to the table, with higher-level policymakers including US Trade Representative Lighthizer, Treasury Secretary Mnuchin, and Vice Prenier Liu He, coming to the table on Thursday and Friday.

Mirroring last week’s shift at the Federal Reserve, the RBA has now shifted its future interest rate expectations into neutral.

One of the first things that new traders to the FX markets learn is that many currencies are correlated with other markets. For instance, the close relationship between oil and the Canadian dollar or certain metals and the Australian dollar are intuitive given the importance of exporting those commodities for the Canadian and Australian economies.

Of all the major currencies, the Australian dollar is perhaps the most sensitive to trends in global trade. The country’s commodity-centric economy and close ties with China mean that any slowdown in international business may be seen Down Under first.