# The Aussie dollar's remarkable surge is counter-intuitive, but it's all relative

> The Australian dollar has gained about 21 per cent against the US dollar since mid-March despite a deep domestic recession and a deteriorating relationship with China. The columnist attributes the rise mainly to America's economy being judged weaker than Australia's.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/52876-the-aussie-dollar-s-remarkable-surge-is-counter-intuitive-but-it-s-all-relative
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Currency strength driven by relative US weakness can cut the local-currency value of Australian commodity exports, which can soften offer prices for grain and feed. The impact on global feed prices is modest.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/the-aussie-dollar-s-surge-is-counter-intuitive-but-it-s-all-relative-20200609-p550nx.html

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