# Why the Aussie dollar can rebound above US70¢

> The Australian dollar fell from almost US70 cents a few weeks ago to about 66.5 cents after stronger-than-expected US payrolls, unemployment and retail sales data. The article discusses whether the currency can recover.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28125-why-the-aussie-dollar-can-rebound-above-us70
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency swings of this size alter the cost of Australian-origin feed and grain in US dollars, a modest factor for global feed ingredient pricing.

## Read by commodity

- AUDUSD: neutral

## Sources

- afr.com: https://www.afr.com/markets/currencies/why-the-aussie-dollar-can-rebound-above-us70-20241022-p5kkaj

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.