Australian Dollar (AUD)
Australia · Reserve Bank of Australia (RBA) · Free float
The Australian Dollar (the "Aussie") is a liquid commodity currency, sensitive to iron ore, coal and gold prices and to demand from China.
Major contributors to the economy
- Iron ore and coal mining
- Liquefied natural gas
- Education and tourism
- Agriculture
- Financial services
Key factors
- Commodity prices. Iron ore, coal and gold prices strongly influence the Aussie.
- China's economy. China is Australia's largest export market.
- RBA policy. Rate decisions and guidance from the Reserve Bank of Australia.
- Global risk appetite. The Aussie tends to rise when investors are optimistic.