# Australian dollar: the currency that can't catch a break - Nikkei Asia

> The Australian dollar has weakened against the US dollar despite the RBA's unexpectedly large 50 basis point rate hike, with the initial gain fading within an hour. The article frames the currency's underperformance as a persistent theme.

- Date: 2022-06-12 · published 2022-06-12T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41208-australian-dollar-the-currency-that-can-t-catch-a-break-nikkei-asia
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A soft Aussie dollar makes Australian commodity exports such as barley and sorghum more competitive abroad, but it is a routine currency commentary with limited direct price impact on feed.

## Read by commodity

- DXY: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/spotlight/market-spotlight/australian-dollar-the-currency-that-can-t-catch-a-break

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