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Aud to Usd (also reffered to as aussie dollar or AUD/USD) is the exchange rate of Australian Dollar expressed in U.S. Dollars and belongs to major currency pairs. Aud to Usd is the fourth most traded currency pair in the world. AUD / USD currency pair is also known as commodity pair thanks to Australia's wealth in natural resources such as gold, coal, iron or aluminum. Australia is the 3rd largest gold producer in the world and as such, when gold prices decline, the Australian dollar decreases. It was found a positive correlation of 84% with gold between 1998 and 2008.
The Australian dollar has also a strong positive correlation with the New Zealand Dollar with nearly 96% between the AUD/USD and the NZD / USD. This can be explained by the fact that Australia is a preferred business partner because of its proximity. If Australia is economically healthy, exports from New Zealand will increase and this will have a beneficial effect on economic growth.
The AUD / USD currency pair consists of the world's largest economies, Australia versus United States. According to interbank market's statistics, USD is involved in more than 85% forex trades while AUD in 8% of forex transactions. AUD to USD makes up to 6% turnover of the whole forex market. The most volatile periods of AUD to USD are especially when London and New York sessions overlap. But increased volatility is also usual during Sydney session when economic news are realesed.
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