# Currencies recover from Omicron chaos but analysts warn more volatility ahead

> The Australian dollar rose 0.37% to $0.7139 after a 1% drop on Friday that took it to $0.71125, its lowest since Aug. 20. Currency strategists warned that volatility could persist as Omicron-related news continues.

- Date: 2021-11-29 · published 2021-11-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44297-currencies-recover-from-omicron-chaos-but-analysts-warn-more-volatility-ahead
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker or volatile Aussie affects Australian grain and meal export competitiveness and can shift offshore buying of Australian barley and wheat. The move is a modest signal rather than a direct supply change.

## Read by commodity

- AUDUSD: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/us/currencies-recover-omicron-chaos-analysts-warn-more-volatility-ahead-2021-11-29/

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