# Interest rates: The Australian dollar in demand after China, Federal Reserve

> The Australian dollar rose on Monday after rebounding from nine-month lows, as China announced small stimulus measures. It reached US64.27 cents after halting five weeks of losses. Interest rate differentials between the US and Australia had weighed on it.

- Date: 2023-08-28 · published 2023-08-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/34856-interest-rates-the-australian-dollar-in-demand-after-china-federal-reserve
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Chinese stimulus helps sentiment toward Australia, a major grain and feed supplier, and supports Australian export earnings. The currency move has a limited direct effect on feed prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- afr.com: https://www.afr.com/markets/currencies/lacklustre-china-stimulus-lifts-the-australian-dollar-20230828-p5dzvc

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