Australian Dollar / US Dollar (AUD/USD)
Track AUD/USD price movements and gain expert market insights. Stay ahead with real-time updates and detailed trading information from FP Markets .
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Australian Dollar / US Dollar (AUD/USD) Trading FAQ
Theoretically you can trade forex pairs 24/7, but there are prime times to trade the AUD/USD when the currency pair is more volatile. The Aussie dollar to US dollar trading hours are generally busy between 19:00 and 04:30 (GMT).
Australia has a floating exchange rate, which means that movements in the Australian dollar exchange rate are determined by the demand for, and supply of, Australian dollars in the foreign exchange market.
The AUD/USD is one of the world's top-traded currency pairs. The correlation with USD/CAD could also be due to the positive correlation between the Canadian and Australian economies (both resource-dependent).
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as AUD/USD. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully-regulated broker that offers all types of platforms and accounts, to suit every need.
