Forex is the largest and most liquid market in the world. It trades 24 hours a day, five days a week and transacts trillions of dollars daily. Unlike the stock market, it is traded “over the counter”. So if you are an investor, there is just no avoiding it. With any investment, at any level, you are likely to have some Forex exposure.
If you invest in Australian companies, you have Australian Dollar (AUD) exposure. If you invest in European equities, you have EUR exposure. Trading gold? You have USD exposure.
Whether you are a trader or an investor, if you are interested in keeping up to date with the world’s latest currency news, then ausbiz has the market moves, the data and the forecasts you need to know. Joined by expert guests, the ausbiz team covers all things related to currency news, markets, business and finance news and more.
How we interpret the value of a currency
In forex, the prices are written in terms of one currency vs another. The pair has a base currency and a quote currency. For example, the Australian Dollar vs the US Dollar (AUD/USD). If you buy AUD, you sell USD. You are long one currency and short another. You are effectively trading on the relative economic outlooks of countries and their economies.
The Australian Dollar and why it matters
Pre-empting currency moves requires knowledge of global macro events. Economics, geopolitical conditions, interest rates, and supply and demand factors all influence price action. Making sure you are on top of the right forex news means you are less likely to be caught out by changes to the Australian Dollar price.
Is the Fed likely to raise interest rates before the RBA? Is the growth outlook better in the US than in Australia? These are both questions currency traders need to consider when forecasting AUD/USD. ausbiz brings traders and investors the necessary news and information to keep abreast of changing economic conditions.
The Australian Dollar itself is closely tied to the commodity market. Australia is a prominent exporter of commodities, and therefore importers must buy Australian Dollars to transact. And it is not just large companies; as Australian exporters grow across sectors, investors need to understand the risks associated with currency moves.
Currency news on ausbiz
Forex can be a volatile and exciting market and is one of the most difficult in the world to manipulate. It plays a considerable part in risk management policies for companies worldwide. Managing your currency exposure is a crucial feature of portfolio management.
Join experienced ausbiz anchors, including former FX trader Kara Ordway, as they speak with the best currency analysts and discuss the levels you need to know on a daily basis to help make informed decisions.
Don’t play catch-up. Sign-up to ausbiz or download the app to enjoy a wealth of financial knowledge and forex news at your fingertips, anytime and anywhere.
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