# Why the Australian dollar is rising — and what that's got to do with your mortgage repayments - ABC News

> The Australian dollar rose to around 80 US cents, gaining roughly 5 cents over February. The article attributes the move to rising iron ore prices and broader commodity strength, and links the currency to future mortgage rate increases.

- Date: 2021-02-24 · published 2021-02-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/48890-why-the-australian-dollar-is-rising-and-what-that-s-got-to-do-with-your
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger Aussie tied to commodity strength makes Australian exports costlier in USD terms, a modest factor for Australian grain and barley pricing. The article is primarily explanatory commentary on currency drivers.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/2021-02-25/rising-australian-dollar-pointer-to-higher-mortgage-rate/13187510

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