AUDUSD defends 0.7100 after Fed showdown, focus shifts to US GDP
MOST INFLUENTIAL POLITICAL EVENTS IN 2022 FOR AUDUSD
The 2020 post-pandemic recovery seen in the currency pair lost legs in 2021, undermined by the dovish stance from the Reserve Bank of Australia and a pause in the commodity ‘Supercycle’. A shift in the gear by the RBA and an improving economic performance, however, pose upside risks for the aussie in 2022.AUDUSD, The 'Aussie'
The AUDUSD pair, also called the “Aussie”, tells the trader how many US dollars are needed to purchase one Australian dollar . This currency pair is also known as the"Aussie". Together with the New Zealand Dollar and the Canadian Dollar, the AUD is a, that is a currency whose country's exports are largely comprised of raw materials .
The interest rates set by the Reserve Bank of Australia have been among the highest of industrialized countries and the relatively high liquidity of the AUD has made it an attractive tool forlooking for a currency with the highest yields. These factors made the AUD very popular among currency traders.Australia is a big exporter to China and its economy and currency reflect any change in the situation in that country.
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