The AUDUSD also called the "Aussie" is the abbreviation for the Australian dollar and US dollar currency pair. Just like the New Zealand Dollar and the Canadian Dollar, the AUD is a commodity currency; hence its value primarily depends upon the price of commodity exports such as minerals and agricultural products. The high liquidity of the AUD makes it an attractive option for carry traders looking for a currency with the highest yields. The pair is largely affected by the interest rate differential between the Reserve Bank of Australia and the Federal Reserve (Fed) as well as by banking announcements. AUDUSD remains to be one of the most popular currency pairs in the world due to its ability to trade actively during the Asian and Pacific trading sessions.