# AUD/USD: RBA and US elections to push for a move below 0.70 - Westpac - Forex Crunch

> Westpac expects AUD/USD could fall below 0.70 in the short term. It cites a possible large RBA policy move, including rate cuts and bond purchases, just before the November 3 US election. A Democratic sweep could bring larger US fiscal support.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/50901-aud-usd-rba-and-us-elections-to-push-for-a-move-below-0-70-westpac-forex-crunch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Australian dollar would make Australian exports more competitive, but the pair's direction depends on the RBA decision and the US election outcome. Forecasts alone are not a confirmed price move.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/10/23/aud-usd-rba-and-us-elections-to-push-for-a-move-below-0-70-westpac/

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