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.

How did Bretton Woods change the value of the Australian dollar?

As Bretton Woods began to break down, the value of the Australian Dollar was converted to a traditional peg against a floating US Dollar.

What's going on with AUDUSD?

Upward trend forming, EMA break and retest. 3 profit zones identified. AUDUSD touches the target The Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .

What's going on with AUDUSD in 2023?

Don't miss our 2023 AUDUSD forecast! The Australian Dollar is facing headwinds yet again against the US Dollar, as the central bank divergence theme is back in play in early 2023.