australian-dollar-bank-notes-calculator - AUD

The Australian dollar is little changed against the US dollar on Friday afternoon at the end of a choppy week for the exchange rate that has been moved expanding and contracting fears over the spread of a SARS-like coronavirus in China and strong Australian jobs data.

AUD/USD was lower by 3 pips (-0.15%) to 0.6833 with a daily price range of 0.684 to 0.688 as of 3pm GMT, with the currency pair looking set to end the week near year-to-date lows.

The US dollar

The dollar finished the week on a sour note after some mixed flash PMI data for the United States. The Market Services PMI for January came in ahead of expectations at 53.2 but manufacturing saw a surprise decline, falling to 51.7. The PMI data from Markit typically generates less currency market volatility than PMIs composed by the Institute for Supply Management (ISM).

Siân Jones an Economist at IHS Markit, the firm that sponsors the surveys said of the data, “the recovery of growth momentum across the US private sector continued to quicken at the start of 2020, with overall output rising at the sharpest pace since last March. Nonetheless, the underlying data highlights a manufacturing sector that is not out of the woods yet, with goods producers seeing only modest gains in output and new orders.”

The Aussie 

The World Health Organisation (Who) was still not calling the Wuhan coronavirus a global health emergency by late Friday, offering some hope it can be contained. Chinese authorities have reportedly been quick to act, locking off transport links out of contaminated areas.

The travel restrictions in Wuhan and nearby cities and limited or cancelled Lunar New Year celebrations will likely have a negative impact on first-quarter growth in China. However, after the WHO statement the same might be prevented internationally. Limited transportation out of China might impair some business activity but has reduced concern that neighbouring countries like Australia would see their own outbreak. That has gone some way to reduce the outflows from Asian currencies that were seen at the beginning of the week. is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.