US Dollar/Australian Dollar FX Cross Rate

AUD/USD is the exchange rate of the Australian dollar against the US dollar. The Australian dollar is often considered a commodity currency and a proxy for global growth and Chinese demand. Australia is a major exporter of iron ore, coal, and gas, so the currency tends to rise with commodity prices and risk appetite, and fall when China slows or markets turn defensive. Its relatively high yield also makes it a popular carry-trade target.