AUD/USDAUD and USD currency trading
The AUD/USD rate is comprised of the Australian dollar as the 'base' currency, and the US dollar as the 'counter' or 'quote' currency. Trading the AUD/USD currency pair is also known as trading the 'Aussie'. The AUD/USD exchange rate is actually a comparison of the value of one currency in relation to the other. For example, the quotation AUD/USD 0.7 means that one Australian dollar is exchanged for 0.7 US dollar (70 cents). If the forex rate increased to 0.8, this would reflect a strengthening Australian dollar as compared with the US dollar. You would buy, if you expected that the Australian dollar would continue to strengthen against the US dollar.
As trading occurs on currency comparison, it is easy to trade AUD/USD in any economic environment. AUD/USD forex trading is favoured as a way to reduce portfolio risk as it provides the ability to profit in rising and falling markets. In recent times, the AUD/USD exchange rate has been affected by interest rates and commodity prices. On this page you will find information about factors which influence the price of AUD/USD including real-time quotes direct from our trading platform. Daily news and analysis is readily available with FOREXYARD to help with your investment decisions.
Trading AUD/USD online offers particular advantages, including round-the-clock trading. FOREXYARD provides 24 hour support, making it the most secure, trader friendly platform. With the significant leverage and low spreads offered by FOREXYARD, experienced and first time investors can start trading now with as little as $100.
