# Australian Dollar Forecast "to Turn Lower on a 1 to 3 Month View" by Rabobank, Citing Deterioration in China-Aussie Trade Relationship

> Rabobank forecasts the Australian dollar to decline over one to three months as rising trade tensions with China threaten Australia's export exposure. The call came as the AUD/USD rate reached a multi-week peak of 0.6616. China was also reported to be looking to curb iron ore imports.

- Date: 2020-05-21 · published 2020-05-21T12:00:00.000Z
- Category: trade · region Australia · magnitude low
- Page: https://feedsoft.ai/events/53416-australian-dollar-forecast-to-turn-lower-on-a-1-to-3-month-view-by-rabobank
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Friction between Australia and China threatens Australian exports of barley and other farm commodities to China, which would weigh on those prices. A weaker AUD would partly offset this for exporters.

## Read by commodity

- AUDUSD: bearish ▼
- BARLEY: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/13324-australian-dollar-forecast-to-turn-lower-on-a-1-to-3-month-view-by-rabobank-citing-deterioration-in-china-aussie-trade-relationship

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