AUD/USD is an exchange rate that specifies how many USD (United States Dollar) can be converted into one AUD (Australian Dollar), therefore the base currency is AUD and the price currency is USD. If this rate declines, it means that USD appreciates relative to AUD and if this rate increases it means that the USD depreciates against the AUD. There are many macroeconomic factors/events (fundamentals) that affect AUD/USD exchange rate, which are usually common in both countries. Some of the most notable factors/events are GDP, Inflation or Consumer Price Index (CPI), Interest Rates and other monetary policies applied by central banks. The exchange rate reached the lowest value of 0.48 in April of 2001 and the highest of 1.1 in July of 2011. Regarding the trade relationship between Australia and US, the latter imports 4.9% of Australia's total exports, whereas Australia imports 1.6% of US's total exports. The largest component of Australia's exports are ores slag and ash whereas US's largest export components are machinery, nuclear reactor and boiler products. Any significant shifts in the trade relationship between the two regions and changes in the values of the aforementioned components are some of the factors that could have a material impact on the pair.
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