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Australian Dollar / U.S. Dollar

USD/JPY is a safe-haven currency. Thanks to the low (even negative) interest rates in Japan, global investors can borrow Yen and convert it to other currencies, called a carry trade. As more and more investors do this, the exchange rate works to juice returns. The risk: uncertainty will cause everyone to rush for the exit of this trade at once and undo years of gains.

Watch our video primer for what you need to know to successfully get started trading AUD/USD.

Real-Time Trading Snapshot

In 2018, AUD/USD entered a downtrend, as evidenced by a series of lower highs and lower lows that brought the currency down from above 0.81. The price is definitely not helped by ongoing tensions between the United States and China since the Australian economy is so dependent on a vibrant Chinese economy.

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