The Australian Dollar (AUD) has significantly diverged in performance across major currency pairs since 2019. The AUD/JPY (yellow line) stands out with a strong +14.01% gain, reflecting both risk-on sentiment and yen weakness. Meanwhile, AUD/USD and AUD/CAD have both suffered steep declines of -10.24% and -8.85%, respectively, underlining AUD’s vulnerability to global tightening cycles and commodity-related headwinds. Notably, AUD/NZD has remained relatively flat, highlighting the tight correlation between the two regional economies.
This divergence suggests that AUD’s performance is being increasingly shaped by its counterpart's macro narrative—whether it's U.S. monetary policy, Japanese yield control, or New Zealand's economic synchronization.
This divergence suggests that AUD’s performance is being increasingly shaped by its counterpart's macro narrative—whether it's U.S. monetary policy, Japanese yield control, or New Zealand's economic synchronization.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.