# Five reasons why the $A may be close to the bottom - Shane Oliver | Livewire

> Shane Oliver argues the Australian dollar may be near its low, citing weaker Australian growth, high labour underutilisation, the housing downturn and drought. He expects the RBA to cut the cash rate to 0.25% and possibly start quantitative easing without more fiscal stimulus.

- Date: 2019-11-26 · published 2019-11-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56328-five-reasons-why-the-a-may-be-close-to-the-bottom-shane-oliver-livewire
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weak Aussie dollar supports Australian grain and meat export competitiveness, but drought conditions reduce Australian crop supply, which can support global feed grain prices. The analysis is a forecast rather than a new supply event.

## Read by commodity

- AUDUSD: neutral

## Sources

- livewiremarkets.com: https://www.livewiremarkets.com/wires/five-reasons-why-the-a-may-be-close-to-the-bottom

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