AUD/USD

AUD/USD is the ticker for the Australian dollar against the US dollar in the forex market. It gives traders the current exchange rate between the two currencies, showing how many US dollars are needed to buy an Australian dollar.

It is considered a major pair, one of the most popularly traded pairs in the world. It accounts for 5.4% of turnover worldwide, according to the Triennial Central Bank Survey 2019.

The pair became popular as a carry trade thanks to the interest rate differential between the two economies.