AUD/USD
a.k.a. Aussie, Aussie dollar pair
The Australian dollar against the US dollar: how many US dollars one Australian dollar buys.
In plain English
The Australian dollar against the US dollar: how many US dollars one Australian dollar buys. Nicknamed the 'Aussie'.
AUD/USD is one of the major pairs. If it reads 0.6600, one Australian dollar buys 66 US cents.
It often moves with metal prices, China's economy and the global risk mood, because the Australian dollar is a commodity currency.
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