|Spreads from||Mon-Fri open||Leverage up to|
|1.6 pts||24 hrs||400:1|
The AUD can be influenced by several macroeconomic factors, such as the Reserve Bank of Australia (RBA) raising or lowering interest rates, GDP, employment figures, trade balance and inflation data. Rhetoric/comments from Australia’s central bank officials can also have a significant impact on the Aussie. The AUD/USD also tends to have a higher ‘beta’, thus it is more sensitive to rising or falling equity and commodity prices. Consequently, traders will want to keep a close eye on the S&P500 in the US as well as the prices of gold and copper as they have a high positive correlation with AUD/USD.