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Saturday, 31 December 2011

AUD Currency Profile

Definition:

Currency Name: Australian Dollar
Currency Country: Australia
Currency Symbol: AUD
Exchange: Interbank
Quote Style: AUD/USD 0.7988

Correlations: The Australian Dollar and the New Zealand Dollar are fairly correlated. You can trade the difference between them by trading the AUD/NZD currency pair.

Best Trading Times: There are very few news announcements that cause big waves in this pair that originate from Australian news releases. Those releases come out between 23:00GMT to 2:00GMT. Other than that, the best time to trade the Australian Dollar is during the London/US session overlap between 1:00GMT and 4:00GMT.

source: forextrading.about.com
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