AUD/USD overview
AUD/USD — “the Aussie” — is one of the commodity-linked majors, alongside USD/CAD and NZD/USD. Its price is closely tied to iron ore and copper demand (Australia is the world’s largest iron-ore exporter) and to Chinese economic activity (China is Australia’s largest trading partner).
What moves AUD/USD
- RBA policy — rate decisions, minutes, governor speeches
- China macro data — PMI, industrial production, trade balance
- Iron ore + copper prices — direct correlation
- Global risk sentiment — AUD is a “risk currency” that sells off in equity drawdowns
Typical spread
AUD/USD trades at 0.4–1.0 pips raw on ECN brokers, 1.2–2.0 pips on standard accounts.