# Australian dollar jumps to 67.5 US cents, as ACCC probes Qantas' stake in Alliance Airlines - ABC News

> The Australian dollar rose to 67.5 US cents on June 1, its highest since late January. Iron ore prices above US$100 a tonne and a softer US dollar supported the currency, while the ACCC opened a probe into Qantas's stake in Alliance Airlines.

- Date: 2020-06-01 · published 2020-06-01T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/52877-australian-dollar-jumps-to-67-5-us-cents-as-accc-probes-qantas-stake-in
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Iron ore strength and a firmer Aussie reflect steady Chinese steel demand, which is a background signal for Australian commodity export pricing. The direct effect on feed markets is small.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- abc.net.au: https://www.abc.net.au/news/2020-06-01/asx-drops-qantas-accc-investigation-competition/12306688

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