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Australian Dollar
(redirected from Aussie dollar)

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Australian Dollar
The currency of Australia. It was introduced in 1966, replacing the Australian pound. It was initially pegged to the British pound, but later pegged to the U.S. dollar in 1967. It is now a floating currency and is one of the most widely traded currencies in the world. It is especially important in the South Pacific region, where a number of small nations either use the Australian Dollar or peg their currencies to it at a 1:1 ratio.
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The Aussie dollar briefly slipped on disappointment the China data was not more upbeat, but it quickly recovered.
Asia shares fall, dlr gains after China data by Times of Oman (Muscat, Oman)
However, whereas the Aussie dollar is backed by strong growth and an actively hawkish monetary policy; the kiwi is depending heavily on its role as an investment currency and its current yield differential over the rest of the market.
A Wide Range and High Volatility Require a Specific AUDNZD Setup by Mena Report
Related article: Australia's jobless rate drop "Another good day for the Aussie dollar -- it's going from strength to strength at the moment," Waterer said.
Australian dollar breaches 90 US cents mark by AFP / AFP Asian Edition
 
 
 
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