# ASX falls while dollar climbs to 15-month high and panic buying returns - ABC News

> The Australian dollar climbed to 71.46 US cents, a 15-month high, while the ASX 200 fell 1.3%. Retail sales rose 2.4% in June. The article also covered ASIC's decision not to appeal its responsible-lending case against Westpac.

- Date: 2020-07-21 · published 2020-07-21T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/52392-asx-falls-while-dollar-climbs-to-15-month-high-and-panic-buying-returns-abc-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger Australian dollar lowers the local-currency cost of imported feed inputs but reduces the competitiveness of Australian exports. The article is mostly routine market reporting with limited direct effect on feed prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/2020-07-22/australian-dollar-jumps-asx-fall-nasdaq-wall-street/12479268

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