# Aussie dollar continues to trade below 70 US cents - OFX

> The Australian dollar traded just below 70 US cents after higher-than-expected US wage data on Friday pushed the dollar up. Traders are looking ahead to the Reserve Bank of Australia rate decision, expected to lift the cash rate to 1.85%.

- Date: 2022-07-31 · published 2022-07-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/40741-aussie-dollar-continues-to-trade-below-70-us-cents-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves of this kind are routine and only marginally affect Australian export competitiveness for grains and meals.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2022/08/01/aussie-dollar-continues-to-trade-below-70-us-cents-2/

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