Exchange Rate Movement of AUD against USD or USD against AUD

Exchange Rate Movement of AUD against USD or USD against AUD
Introduction
AUD is currency of Australia and USD belongs to one of the Superpowers i.e.
United States of America. The currency is one of the strongest currency in the
world and is considered as hard currency and accepted pan globe for trade and
business purpose. Further, the currency is highly liquid and is favourite among
dealers. Further, the current rate of USD to AUD is 0.7 implying that USD is
stronger to AUD. (27-04-2019)
Last Month Trend
During the last month, AUD has seen a large appreciation against the USD
symbolising the comeback of the currency. The movement in the currency
against the AUD has been quite volatile during the period with sharp downfall
witnessed near the end of the month. The month has seen a peak of .718 to a
low of 0.699. (TransferWise Ltd , 2019)The graph has been presented here-in-
below depicting the movement of the AUD against USD:
Factors impacting the movement of Currency
The following are the factors that impact the movement of currency:
(a) Inflation Rate in the economy : The most critical factor impacting the
movement of currency in the economy encompass the rate of inflation
prevailing the economy. The current rate of inflation prevailing in USA is
1.9% and the rate of inflation in AUD is 1.3% in the first quarter of 2019.
(Trading Economics, 2019)