China and its economy and currency reflect any change in the situation in that country. Aside from massive job creation are key leader positions in each both American and Australia. The prevailing view is that the Australian Dollar offers diversification benefits in a portfolio containing the major world currencies because of its greater exposure. America and Australia are seen to be good economic trading partners in the exportation and importation of commodities like coal, liquefied gas, iron ore and other key commodities. Australia's dependency on commodity (mineral and farm) exports has seen the Australian Dollar rally during global expansion periods and fall when mineral prices slumped, as commodities now account for most of its total exports. This correlation with the Shanghai stock exchange is to be added to the correlation it has with gold. The content of this article reflects the authors opinion and does not necessarily reflect the official position of LiteForex.
In this currency pair, the US dollar is the" currency while the Australian dollar is the base currency. Americans are known to invest in huge recourse projects in Australia. The AUD/USD which is known as Aussie-Dollar remains a favorite currency pair for traders seeking volatility because of the high interest rate differential between the two currencies. Read the rest of this entry. If the pair stays above the.15 zone, it will continue. The most important impact of this foreign investment is massive job creation that benefits tens of thousands of citizens in both countries. This currency pair states how many US dollar is needed to buy one Australian dollar. As at yesterday may 10, 2017, the AUD/USD currency stands at risk as the Australian retail sales weakened the outlook of growth and inflation.
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