What is AUD/USD exchange rate?

Most exchange rates are quoted against the US dollar (USD), as it is the most traded currency globally. The AUD/USD exchange rate gives you the amount of US dollars that you will receive for each Australian dollar that you convert (or sell).

Is AUD a commodity?

Commonly referred to as the Aussie, the AUD/USD is considered to be a commodity currency pair. Also known as commodity dollars or "comdolls," commodity pairs involve countries that produce, import or export large quantities of raw goods. In the case of the AUD/USD, the commodity that serves as a catalyst for exchange rate valuation is gold.

Is AUD/USD a good currency to trade?

AUD/USD can be a very good pair to trade when you have a monetary policy divergence between the two central banks backing the currencies, the Reserve Bank of Australia (RBA) for the AUD and the Federal Reserve (the Fed) for the USD.