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The Australian Dollar is sometimes known as a “commodity currency” because Australia imports millions of tons of coal, iron ore and gas every year. Currency traders who believe the price of commodities will rise may buy the AUD/USD pair to profit from that theory.
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The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification
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The Australian Forex/CFD/Cryptocurrency landscape is an intricate one, where at least three different types of brokerages peddle their services. There are unlicensed, unregulated brokerages with a global reach, whose services may indeed be accessible to Australian traders too.
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2020/01/27 · The dollar has gained more than 2% versus the Chinese currency since last Monday. The Australian dollar, which is exposed to the Chinese economy, was last down 1.01% to …
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AUDUSD | A complete Australian Dollar currency overview by MarketWatch. View the currency market news and exchange rates to see currency strength.
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How to Choose a Forex Broker (as an Aussie trader) The most important factor to look for in a broker is to see if the broker is regulated by the Australian Securities and Investment Commission (ASIC).
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The Australian Dollar is the currency of Australia. Our currency rankings show that the most popular Australia Dollar exchange rate is the USD to AUD rate. The currency code for Dollars is AUD, and the currency symbol is $. Below, you'll find Australian Dollar rates and a currency converter.
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The Australian Dollar represents the economy of Australia and is the fifth most commonly traded currency in the world. The Australian Dollar had a fixed exchange rate until 1983 when the
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