# HSBC on AUD/USD: Hawkish RBA supports, China outlook a downside risk though

> HSBC said the RBA's hawkish stance relative to the Federal Reserve could support the Australian dollar through front-end yield spreads. It cautioned that a broader Chinese recovery and better outlook for Australia's key exports are still missing.

- Date: 2023-06-29 · published 2023-06-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35756-hsbc-on-aud-usd-hawkish-rba-supports-china-outlook-a-downside-risk-though
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Without a Chinese recovery lifting demand for Australian exports, the currency's support from rate differentials may be limited, leaving commodity export outlooks uncertain.

## Read by commodity

- AUDUSD: neutral

## Sources

- investinglive.com: https://investinglive.com/centralbank/hsbc-on-audusd-hawkish-rba-supports-china-outlook-a-downside-risk-though-20230629/

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