Aussie
Forex slang for the Australian Dollar (AUD) or AUD/USD currency pair.
Quick answer
Aussie is trader slang for the Australian dollar and the AUD/USD pair. AUD is commodity-sensitive, moving with gold, iron ore and coal prices.
Definition
Aussie is trader slang for the Australian Dollar (AUD) and commonly refers to the AUD/USD pair. Australia's economy is heavily tied to commodities, making the Aussie sensitive to gold, iron ore, and coal prices.
How It Works
- "Buying the Aussie" = going long AUD/USD
- "Selling the Aussie" = going short AUD/USD
- Correlates with commodity prices (gold, iron ore)
- Sensitive to RBA (Reserve Bank of Australia) decisions
Trading Tips
1
Most active during Asian and early London sessions
2
Watch Chinese economic data (Australia's main export partner)
3
Risk-on currency - rises when markets are optimistic
Related Terms
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