# Aussie dollar’s rally has further to run

> The Australian dollar extended its rally, breaking above US80 cents for the first time since February 2018 on Thursday. The currency was driven by strong base metal, iron ore and oil prices despite a sharp reversal on Friday.

- Date: 2021-02-28 · published 2021-02-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/48887-aussie-dollar-s-rally-has-further-to-run
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A firmer Aussie raises the cost of Australian exports priced in USD, a modest headwind for competitive feed-grain and barley export pricing. Commodity-linked currency moves can also shift Australian grain and oilseed offers.

## Read by commodity

- AUDUSD: bullish ▲
- BARLEY: neutral

## Sources

- afr.com: https://www.afr.com/markets/currencies/aussie-dollar-s-rally-has-further-to-run-20210228-p576hw

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