AUD/USD is a currency pair that represents the exchange rate between the Australian Dollar (AUD) and the United States Dollar (USD). It indicates how many U.S. dollars are needed to purchase one Australian dollar. This pair is widely traded in the foreign exchange market and is influenced by various factors, including economic data, interest rates, and geopolitical events. Traders often analyze the AUD/USD pair to gauge the economic health of both Australia and the United States. Changes in commodity prices, particularly gold and iron ore, can also impact the value of the Australian dollar, affecting the AUD/USD exchange rate.