Курс Aud Usd Форекс

Interesting facts about the AUDUSD (Australian Dollar to US Dollar)

The US dollar is a currency that makes up all major currency pairs. The US dollar is used globally. Moreover, it’s legal tender in the United States of America, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, East Timor, and Zimbabwe.

The Australian dollar is not only a domestic currency of Australia but is also used in Pacific Island states, including Kiribati, Nauru, and Tuvalu.

The Australian dollar/US dollar pair is one of the most reliable pairs for newbie traders. The US dollar is considered a safe-haven currency that serves as a refuge for traders and investors in times of market uncertainty. The Australian dollar isn’t a safe-haven currency, but it doesn't suffer large market fluctuations.

The AUD/USD rate depends on many factors. Besides, the US dollar is a refuge currency that increases in value in times of market uncertainties; the USD depends on the central bank’s monetary policy. The hawkish mood of the Federal Reserve pushes the US dollar’s price up. At the same time, when the Fed is dovish, the USD declines. The macroeconomic factors such as inflation, employment data, and economic growth affect the USD rate.

As for the AUD, the monetary policy of the Reserve Bank of Australia has an impact on the AUD. In case of a rate hike, the Aussie dollar increases. If the RBA lowers the interest rate, AUD declines.

The Australian dollar is more actively traded during the Asian and the US session. However, when we talk about the best time to trade the AUD to USD, the pair is more liquid from to (GMT+2, indicated in LiteFinance trading platform).

Technical & Fundamental Analysis and Forecast AUD/USD (Australian Dollar to US Dollar)