# Aussie dollar rises as risk appetite picks up - The Business Times

> The Australian dollar rose 0.5% to US$0.6725 after the Reserve Bank of Australia held its cash rate at 0.75%. The offshore yuan also gained as risk appetite improved, though the coronavirus outbreak remained a threat, with China's death toll rising to 425.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/5138-aussie-dollar-rises-as-risk-appetite-picks-up-the-business-times
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Improved risk appetite and a firmer Aussie dollar reflect easing global market stress. Currency moves of this size have limited direct effect on feed grain prices.

## Read by commodity

- AUDUSD: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-21 | [China's yuan inches up as post-Fed US dollar rally fades - The Business Times](https://feedsoft.ai/events/69189-china-s-yuan-inches-up-as-post-fed-us-dollar-rally-fades-the-business-times.md) | +1.1% | +0.6% |
| USDCNY | 2018-03-29 | [China's yuan to post biggest quarterly rise against US dollar in a decade - The Business Times](https://feedsoft.ai/events/66213-china-s-yuan-to-post-biggest-quarterly-rise-against-us-dollar-in-a-decade-the.md) | +0.2% | +0.5% |
| USDCNY | 2018-02-07 | [US dollar will stay weak if China has its way: Morgan Stanley - The Business Times](https://feedsoft.ai/events/7107-us-dollar-will-stay-weak-if-china-has-its-way-morgan-stanley-the-business-times.md) | +0.9% | +0.6% |
| USDCNY | 2026-05-28 | [World's appetite for AI makes China less afraid of stronger renminbi - The Business Times](https://feedsoft.ai/events/19491-world-s-appetite-for-ai-makes-china-less-afraid-of-stronger-renminbi-the.md) | -0.1% | +0.3% |
| USDCNY | 2026-03-13 | [Yuan Holds Up As Risk-Off Lifts The Dollar - Finimize](https://feedsoft.ai/events/11471-yuan-holds-up-as-risk-off-lifts-the-dollar-finimize.md) | +0.4% | -0.5% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/aussie-dollar-rises-risk-appetite-picks

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