# Australian Dollar Vulnerable to Bushfires, Coronavirus in Unlucky Week - Markets Insider

> The Australian dollar fell to its lowest level in over a month, hitting 0.6818 per US dollar, as bushfires and the coronavirus outbreak raised economic concerns. Goldman Sachs estimated the bushfires could subtract 0.4% from GDP in the near term. Morgan Stanley and Bank of America reported risk-off sentiment across Asian markets.

- Date: 2020-01-24 · published 2020-01-24T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55361-australian-dollar-vulnerable-to-bushfires-coronavirus-in-unlucky-week-markets
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Bushfire damage and a weaker China outlook both weigh on Australian growth and currency value. A softer AUD lowers the USD cost of Australian exports, including grain and meal.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/stocks/australian-dollar-currency-bushfires-coronavirus-effect-unlucky-week-decline-wuhan-2020-1-1028844008

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