# Australian dollar depreciation remains likely following Jackson Hole meeting

> Commonwealth Bank economists keep forecasting a weaker Australian dollar, saying it could dip below US$0.70 in coming months. They cite a possible Fed bond-purchase taper, weaker Chinese growth, a negative Australia-US bond spread and falling commodity prices. Markets reacted modestly to Jerome Powell's Jackson Hole speech.

- Date: 2021-08-01 · published 2021-08-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/45797-australian-dollar-depreciation-remains-likely-following-jackson-hole-meeting
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker AUD and firmer USD would generally pressure Australian-linked commodity prices in USD terms and shift export competitiveness. The impact on feed grain prices is indirect and modest.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- commbank.com.au: https://www.commbank.com.au/articles/newsroom/2021/08/aus-dollar-depreciation-likely.html

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