Features of Oceania currencies and recent trends [Fudoshutarou]

While trading the US dollar and the euro, many people seem to keep some distance from the Oceania currencies. However, because there is not much time difference with Japan’s life schedule, it is easy to check economic indicators, among many advantages that differ from Western currencies. Here, Mr. Shuta Fudō (Shūta Fudō) explains the characteristics and recent trends of those Oceania currencies.

Table of Contents

1. What are Oceania currencies
2. Movements of Oceania currencies
3. Looking back at last summer’s China crisis on the chart
4. New Zealand unexpectedly cuts rates
5. China crisis and yen appreciation, Oceania currencies decline
6. Strategies for Oceania currencies

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※This article is a re-edited version of an article from FX攻略.com, June 2016. Please note that the market information written here may differ from current market conditions.

Profile of Shuta Fudō (Fudō Shūtarō)

Foreign exchange instructor and writer. Publisher has released seminar DVDs and interview CDs. Besides giving talks at financial exchanges, stock exchanges, FX brokers, and mutual fund companies, he writes for magazines and teaches FX and stock market courses.

Official site：Shuta Fudō’s “Behind the News”
Twitter：https://twitter.com/syutaro_fudo

What are Oceania currencies

Geographically, Oceania is said to cover a very large area including places like New Guinea. In the context of FX, Oceania currencies typically refer to two types: the Australian dollar (AUD) and the New Zealand dollar (NZD).

Australia and New Zealand are geographically close to Japan, making many Japanese people visit for tourism, and these countries feel familiar. Therefore, Japanese individual FX investors often become interested in Oceania currencies and tend to trade them from a beginner level.