AUD (Australian Dollar) Currency

AUD (Australian Dollar) currency funds and ETFs invest the majority of their... AUD (Australian Dollar) currency funds and ETFs invest the majority of their assets in the Australian Dollar or Australian Dollar futures contracts. These funds, which tend to be priced in U.S. dollars, are usually passively managed. There are also inverse funds, which allow investors to express a bearish view on the Australian Dollar. Australian Dollar Currency Funds and ETFs can be leveraged or unleveraged. The Australian currency’s value vs. the U.S dollar is affected by a number of factors, such as relative interest rates (interest rate differentials among countries), economic growth expectations, commodity prices, budget and trade deficits, and geopolitical tensions. The Australian Dollar’s value is closely tied to the state of the Chinese economy given the close trading relationship between the two countries. Speculators also play a big role in short-term currency fluctuations. Australian dollar currency funds and ETFs may be appropriate for an aggressive investor willing to take on a fair amount of risk to achieve higher returns. Last Updated: 11/26/2024 View more View less

AUD (Australian Dollar) currency funds and ETFs invest the majority of their assets in the Australian Dollar or Australian Dollar futures contracts. These funds, which tend to be priced in U.S. dollars, are... AUD (Australian Dollar) currency funds and ETFs invest the majority of their assets in the Australian Dollar or Australian Dollar futures contracts. These funds, which tend to be priced in U.S. dollars, are usually passively managed. There are also inverse funds, which allow investors to express a bearish view on the Australian Dollar. Australian Dollar Currency Funds and ETFs can be leveraged or unleveraged. The Australian currency’s value vs. the U.S dollar is affected by a number of factors, such as relative interest rates (interest rate differentials among countries), economic growth expectations, commodity prices, budget and trade deficits, and geopolitical tensions. The Australian Dollar’s value is closely tied to the state of the Chinese economy given the close trading relationship between the two countries. Speculators also play a big role in short-term currency fluctuations. Australian dollar currency funds and ETFs may be appropriate for an aggressive investor willing to take on a fair amount of risk to achieve higher returns. Last Updated: 11/26/2024 View more View less