AUDUSD struggles below 0.7200 on bearish chart play, inflation woes ahead of Aussie data
MOST INFLUENTIAL POLITICAL EVENTS IN 2021 FOR AUDUSD
Australia may officially be a continent, but being an isolated island nation is one reason it successfully coped with coronavirus.How will relations with China evolve? Will Biden attempt to return to the Trans-Pacific Partnership trade agreement? These are the main questions for AUD/USD traders in 2021.The AUDUSD pair, also called the “Aussie”, tells the trader how many US dollars are needed to purchase one Australian dollar . This currency pair is also known as the"Aussie".
The interest rates set by the Reserve Bank of Australia have been among the highest of industrialized countries and the relatively high liquidity of the AUD has made it an attractive tool forlooking for a currency with the highest yields. These factors made the AUD very popular among currency traders.Australia is a big exporter to China and its economy and currency reflect any change in the situation in that country.
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