The official currency of Australia, abbreviated AUD and often called the 'Aussie.' It is one of the most traded currencies in forex markets and is closely tied to commodity prices, especially iron ore and gold. The AUD is considered a risk-on currency, meaning it tends to strengthen when global economic sentiment is positive and weaken during periods of risk aversion.
Example
“The Aussie rallied against the US dollar after China reported stronger-than-expected economic data, boosting demand for Australian commodity exports.”