The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair’s popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.
- AUD/USD is the abbreviation for the Australian dollar/U.S. dollar currency pair, known informally as the “Aussie” among forex traders.
- AUD/USD is also the ticker symbol for trading the spot price of this pair.
- Since Australia relies heavily on raw materials exports, this currency pair is heavily influenced by commodity prices.