# Why the Aussie dollar is so weak - ABC listen

> The Australian dollar continued to fall against the US dollar, trading near 64 US cents. Commentary expected further declines that could raise import costs and inflation in Australia.

- Date: 2022-10-31 · published 2022-10-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/39391-why-the-aussie-dollar-is-so-weak-abc-listen
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie dollar makes Australian exports more competitive in US dollar terms, which can support export flows of grain and meal, though the effect on world feed prices is minor.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/listen/programs/pm/why-the-aussie-dollar-is-so-weak/101599418

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