# Australian Dollar Catches a Fleeting Bid on Mortgage Rule Changes

> The Australian dollar rose ahead of the weekend after the government eased responsible lending standards to support the housing market. Gains were reversed as global equity markets turned lower again.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/51366-australian-dollar-catches-a-fleeting-bid-on-mortgage-rule-changes
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Domestic policy-driven currency moves are short-lived when global risk sentiment dominates, so the effect on Australian export commodity prices is limited.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/14224-australian-dollar-pumped-and-dumped-after-mortgage-scheme-overshadowed-by-u-s-dollar-resurgence

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