AUD Currency Profile
November 12th, 2009
Definition:
Currency Name: Australian Dollar
Currency Country: Australia
Currency Symbol: AUD
Exchange: Interbank
Quote Style: AUD/USD 0.7988
Correlations: The Australian Dollar and the New Zealand Dollar are fairly correlated. You can trade the difference between them by trading the AUD/NZD currency pair.
Best Trading Times: There are very few news announcements that cause big waves in this pair that originate from Australian news releases. Those releases come out between 23:00GMT to 2:00GMT. Other than that, the best time to trade the Australian Dollar is during the London/US session overlap between 1:00GMT and 4:00GMT.
source: forextrading.about.com
