# ‘Undervalued’ Aussie dollar ready to break through US80¢

> The Australian dollar was trading near US77.12 cents after falling 0.5%, staying in its one-cent range for most of May. Strategists expect it to break above US80 cents, citing strong commodity-based fundamentals.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47332-undervalued-aussie-dollar-ready-to-break-through-us80
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger AUD would make Australian grain and barley less competitive on world markets, a mildly bearish factor for export-origin feed prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- afr.com: https://www.afr.com/markets/currencies/undervalued-aussie-dollar-ready-to-break-through-us80-20210531-p57wq0

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