# Door opens for short term AUD upside as US funding pressures ease - OFX

> The Australian dollar slipped below 0.61 on 31 March after touching a high near 0.6209, as investors adjusted month- and quarter-end positions. Analysts see short-term upside if US dollar funding costs ease, but also continued volatility.

- Date: 2020-03-31 · published 2020-03-31T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54365-door-opens-for-short-term-aud-upside-as-us-funding-pressures-ease-ofx
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Routine currency moves like this change the relative price of Australian grain and meal exports only marginally. The outlook for the Aussie dollar remains mixed and sensitive to US funding conditions.

## Read by commodity

- AUDUSD: neutral

## Sources

- ofx.com: https://www.ofx.com/en-au/forex-news/daily-and-weekly-market-news/2020/04/01/door-opens-for-short-term-aud-upside-as-us-funding-pressures-ease/

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