# Australian Dollar Dented by Virus Fears as RBA Pricing and Charts Both Point Lower

> The Australian dollar gained against the pound but underperformed other currencies as coronavirus spread, threatening parts of China's economy. Analysts expect more rate cuts from the RBA and say the AUD/USD rate is near 0.6650 with charts pointing lower. A CBA analyst noted an economic toll from the virus.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55360-australian-dollar-dented-by-virus-fears-as-rba-pricing-and-charts-both-point
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected RBA easing and a weaker China outlook both push the AUD lower, which lowers the USD price of Australian commodity exports. Feed buyers may see Australian offers become cheaper in USD terms.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/12704-australian-dollar-outlook-besmirched-as-virus-fears-rba-and-charts-point-lower

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