# RBA to offer $10 bln in US dollar repo operation, Aussie stay below 0.6000 — Octa

> The Reserve Bank of Australia said it would offer US$10 billion in a US dollar repo operation as part of a coordinated global effort to ease a US dollar funding squeeze. The Aussie was expected to stay below 0.6000.

- Date: 2020-03-25 · published 2020-03-25T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54364-rba-to-offer-10-bln-in-us-dollar-repo-operation-aussie-stay-below-0-6000-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Easing dollar funding stress tends to stabilise emerging and commodity-linked currencies, which supports Australian export competitiveness. The move is a liquidity measure rather than a direct supply or demand shock for feed commodities.

## Read by commodity

- AUDUSD: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/807478/

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