# Investors to see benefit in sliding Aussie dollar

> The Australian dollar has fallen about 5% since November and briefly dipped below 70 US cents, its lowest in over a year. Economists attribute the decline to Chinese slowdown weighing on iron ore demand and US inflation supporting the greenback.

- Date: 2021-12-09 · published 2021-12-09T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43847-investors-to-see-benefit-in-sliding-aussie-dollar
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weaker AUD reflects softer Chinese demand for commodities and lowers the cost of Australian grain and barley for feed buyers.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- morningstar.com.au: https://www.morningstar.com.au/stocks/investors-to-see-benefit-in-sliding-aussie-dollar

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