1. Project 2 By: Chris Kline, Wiley McCreedy and Kristin Olson
Australian Dollar
Project 2
By: Chris Kline, Wiley McCreedy and Kristin Olson

2. Daily Rate Graph

3. Daily Percentage Change

4. AUD in the News
: The Australian economy grew by .4% and the currency was valued at it highest in the past eight months. This is the result of the lowered interest rates the government had placed on the nation in hope to boost the economy.
: The Australian consumer confidence jumps the most in the past 22 years, resulting in the continued strengthening of the AUD.
: It is expected that the AUD will continue to strengthen against the USD.
“As U.S. two-year bond yields fall, the US Dollar will fall with them, and we’ll see Aussie, Sterling, and Euro head higher.” Richard Grace (chief currency strategist for the Commonwealth Bank of Australia)
: Traders are expecting that the Australian government will raise interest rates. This is a sign of their economy strengthening with their currency.