The AUD-USD captures the value of an Australian Dollar in relation to American Dollars. The American Dollar is the most-traded in the world, where the Australian Dollar is the fifth. The currency pair represent s about six percent of the total turnover on the global foreign exchange market (FOREX).
The value of the Australian Dollar is tied to commodity prices and the reason is that Australia is a significant exporter of commodities.
The American Dollar is used for settling transactions in commodities and is considered reserve currency as well.
Economic affairs will affect the market with this currency pairing, both in America and Australia. The situation on Asian markets and New Zealand affects Australia due to their location, and you can see a strong interconnection between Asian currency and the New Zealand currency.Trade AUD=