Trading global currency pairs like AUD/USD can open up investment opportunities that are not available in domestic markets.
AUD/USD stands for the Australian Dollar and U.S. Dollar currency pair. The AUD/USD forex pair quotes how many U.S. Dollars can be bought with $1 Australian Dollar – for example, if the currency pair is trading at 0.76 it means that 1 x Australian Dollar is worth 0.76 U.S. Dollars (or cents in this case).
Trading the AUD/USD currency pair is commonly known as “trading the Aussie“.