# LIVE MARKETS BofA flags liquidity stresses in U.S. Treasury market

> Standard Chartered analysts said the Australian dollar could keep rising as commodity prices lift Australia's terms of trade. Coal, LNG and petroleum made up about 28% of 2021 goods exports, and agricultural goods another 12%. Speculative short positions in the Aussie were being covered from near-record levels.

- Date: 2022-03-09 · published 2022-03-09T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42518-live-markets-bofa-flags-liquidity-stresses-in-u-s-treasury-market
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Higher commodity prices improve Australia's export income and support the currency. Short covering can add to near-term currency gains, which affects the cost of Australian grain and meal exports.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/live-markets-bofa-flags-liquidity-stresses-us-treasury-market-2022-03-09/

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