# Aussie dollar to surge to 80 US cents - Money Management

> VanEck expects the Australian dollar, which rose to 75 US cents, to reach 80 US cents within six months. The firm cited improving terms of trade from strong commodity prices. It noted that oil was up about 24% and wheat futures about 18% in March so far.

- Date: 2022-03-24 · published 2022-03-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42519-aussie-dollar-to-surge-to-80-us-cents-money-management
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Rising wheat and oil prices strengthen Australia's terms of trade and currency, which raises the dollar cost of Australian grain exports. The forecast is an investment view rather than a supply event.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- moneymanagement.com.au: https://www.moneymanagement.com.au/aussie-dollar-surge-80-us-cents/

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