# Australian dollar tumbles, ASX rebounds, while CBA offers crypto trading - ABC News

> The Australian dollar fell below 74.3 US cents to a two-week low, while the local share market recovered its prior losses. AMP agreed to sell its remaining life insurance stake for A$524 million, and CBA announced a crypto trading offering.

- Date: 2021-11-02 · published 2021-11-02T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44300-australian-dollar-tumbles-asx-rebounds-while-cba-offers-crypto-trading-abc-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency moves here are routine and have little direct effect on feed grain or meal prices. The Aussie's weakness is only a minor factor for Australian export competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- abc.net.au: https://www.abc.net.au/news/2021-11-03/australian-dollar-tumble-rba-asx-wall-street-cba-amp/100589536

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