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AUSTRALIAN DOLLAR /UNITED STATES DOLLAR Trading
AUD/USD (Australian Dollar - US Dollar) is one of the most frequently traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this forex pair.
History of AUSTRALIAN DOLLAR / UNITED STATES DOLLAR
When was the last time the AUD was higher than the USD?
Over the past decade, the Australian dollar (AUD) has appreciated strongly against the US dollar (USD), rising from less than US $0.50 in 2001 to a peak of over US $1.10 in 2011. While the rise can be attributed to a number of factors, the mining boom has been the key driver of the appreciation over this period. Free of corruption.
The economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.
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Source - database | Page ID - 3277
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AUD/USD Trading FAQs
When Is the Best Time to Trade AUD/USD?
When Is the Best Time to Trade AUD/USD?
Theoretically you can trade forex pairs 24/7, but there are prime times to trade the AUD/USD when the currency pair is more volatile. The Aussie dollar to US dollar trading hours are generally busy between 19:00 and 04:30 (GMT).
Why Is the AUD/USD Currency Pair Significant to Traders?
Why Is the AUD/USD Currency
Pair Significant to Traders?
Australia has a floating exchange rate, which means that movements in the Australian dollar exchange rate are determined by the demand for, and supply of, Australian dollars in the foreign exchange market.
Is AUD USD a Good Pair to Trade?
Is AUD USD a Good Pair to Trade?
The AUD/USD is one of the world's top-traded currency pairs. The correlation with USD/CAD could also be due to the positive correlation between the Canadian and Australian economies (both resource-dependent).
Where Can I Find a Trusted Forex Broker to Trade AUD/USD?
Where Can I Find a Trusted
Forex Broker to Trade AUD/USD?
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as AUD/USD. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully-regulated broker that offers all types of platforms and accounts, to suit every need.