# Australian Dollar Outlook Improves as Westpac Becomes Latest to Rethink RBA Forecasts

> The Australian dollar outperformed major rivals after Westpac pushed back its forecast for a February RBA rate cut, joining ANZ and CBA in delaying easing to the second quarter. Market pricing for RBA cuts has risen, though a small chance of a February cut remains. The stronger outlook followed a surprisingly strong December employment report.

- Date: 2020-01-24 · published 2020-01-24T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/55363-australian-dollar-outlook-improves-as-westpac-becomes-latest-to-rethink-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Reduced expectations of RBA easing support the AUD, which can make Australian commodity exports more expensive in USD terms. The effect on feed buyers is modest and tied to currency-driven pricing.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/12690-australian-dollar-outperforms-all-except-safe-havens-after-westpac-rethinks-rba-rate-cut-forecasts

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