Quotations – AUDUSD
Past performance is not a guarantee of or prediction of future performance.
|Pacific (Australia, Oceania)|
|Singapore, Hong Kong||00:00||09:00|
|Frankfurt, Paris, Zurich||07:00||16:00|
Trading CFDs involves significant risk of loss
A currency pair, which shows the relevant of the Australian dollar to the U.S. dollar. It is among the list of major currency pairs in the Forex thanks to the fact that the monetary policy of Australia is relatively independent, and the country economy is quite highly developed and stable. The Australian dollar is used in trade calculation of Eastern and South-East Asia, so this currency relates to the Asian currencies. Accordingly, the most activity for the AUD/USD pair is accounted for the Asian and Australian sessions.
In the ForexGrand spread for the AUD/USD currency pair is 1.7, the trading time is 00:00-24:00 (GMT+2).
To successfully trade the Australian dollar/US dollar pair, it is not enough to consider only the economic news regarding Australia and the United States. It is also necessary to follow political and economic processes in Asian and Pacific countries, because they are key trading partners of Australia and have a direct impact on changes of the Australian dollar rate.