# Australian Dollar: March Recovery, But Bigger Picture Remains Weak

> The Australian dollar was the best-performing G7 currency in March, gaining 0.43% against the USD, but it remains down 4.93% year to date. The RBA held rates at 4.35% at its latest meeting and signalled a long pause.

- Date: 2024-04-01 · published 2024-04-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/31460-australian-dollar-march-recovery-but-bigger-picture-remains-weak
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

With the RBA on hold and US and UK rates expected to fall first, the Australian dollar's interest-rate disadvantage persists. This is background currency news with little direct effect on feed prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/40412/2024-03-27-australian-dollar-march-recovery-but-bigger-picture-remains-weak.html

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