# AUD/USD jumps 0.40%, looks to snap six-day losing trend - Forex Crunch

> The Australian dollar rose 0.40% to 0.7050, snapping a six-day losing streak. The gain followed Westpac's decision to push its forecast for an RBA rate cut to November, with the currency still constrained by coronavirus resurgence in Europe.

- Date: 2020-09-28 · published 2020-09-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/51367-aud-usd-jumps-0-40-looks-to-snap-six-day-losing-trend-forex-crunch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expectations of a delayed RBA rate cut support the Aussie, which lifts the dollar cost of Australian exports and can firm Australian-origin commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/09/28/aud-usd-jumps-0-40-looks-to-snap-six-day-losing-trend/

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