# $A rally expected to stall on trade outlook

> The Australian dollar jumped about 3 US cents to nearly 62 US cents after the US Federal Reserve moved to expand the supply of US dollars. Analysts expect the currency to face renewed downward pressure as the economic outlook deteriorates.

- Date: 2020-03-29 · published 2020-03-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54362-a-rally-expected-to-stall-on-trade-outlook
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie dollar makes Australian grain and meal exports more competitive, while the Fed's dollar easing reduces funding strain. Analysts expect the rally to fade, so the net price effect on feed commodities is limited.

## Read by commodity

- AUDUSD: neutral

## Sources

- afr.com: https://www.afr.com/markets/currencies/a-rally-expected-to-stall-on-trade-outlook-20200329-p54f10

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