AUD/USD Exchange Rate Today, Forecast & News

AUD/USD
Australian Dollar - US Dollar
Open
0.66797+0.00556 (+0.84%)
As of: May 16, 2024 19:03 UTC
Open
0.66240
High
0.67018
Low
0.66209

Stats

Prev. Close

0.66241

Open

0.66240

Day's Range

0.66209 - 0.67018

52 Week Range

0.62704 - 0.70223

YTD Change

-1.94%

1 Year Change

-0.33%

Economic CalendarAll Events

Time zone: GMT

Thursday, May 16th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:15	USD	Industrial Production MoMApr	Medium	0%	0.1%	0.1%
14:00	USD	Fed Barr Speech	Medium
14:30	USD	Fed Harker Speech	Medium
15:30	USD	Fed Mester Speech	Medium
19:50	USD	Fed Bostic Speech	Medium

Friday, May 17th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:15	USD	Fed Waller Speech	Medium

Saturday, May 18th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
21:45	USD	Fed Kugler Speech	Medium

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	4.35% May 24		5.5% May 24
Inflation Rate	3.6% Mar 24		3.4% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable