# Australian Dollar Remains Pressured By Coronavirus Fears Even As RBA Rate Cut Bets Fade | Exchange Rates UK

> The Australian dollar stayed under pressure this week as coronavirus fears dominated headlines, even though strong Australian data offered some support. AUD has lost ground against major rivals, with USD/AUD rising from 1.4646 to 1.4806 so far this week. Traders have also scaled back bets on an RBA rate cut.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55357-australian-dollar-remains-pressured-by-coronavirus-fears-even-as-rba-rate-cut
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The Aussie is a China-linked, risk-sensitive currency, so weaker AUD reflects expected slowdown in Chinese demand for Australian exports. For feed buyers, a softer AUD can make Australian grain and meal offers cheaper in USD terms.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/28448/australian-dollar-aud-exchange-rates-reserve-bank-of-australia-inflation.html

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