# Australian dollar resurgence living on borrowed time

> David Scutt reports that the Australian dollar's recent rally from crisis-era lows is temporary, according to Westpac's Sean Callow. Westpac forecasts a February RBA rate cut and expects no major US-China trade breakthrough.

- Date: 2019-11-03 · published 2019-11-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56331-australian-dollar-resurgence-living-on-borrowed-time
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A persistently weak Aussie dollar supports Australian export competitiveness for commodities such as grains and meat. The expected lack of a US-China deal keeps trade-related demand uncertainty elevated.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/top-forecaster-says-aussie-dollar-rally-living-on-borrowed-time-20191101-p536og.html

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