# AUD/USD: Australian Dollar Gives Up Gains After Strong US GDP - Currency Live

> The Australian dollar closed higher against the US dollar for a third session, near 0.6856. It later gave up gains after stronger-than-expected US third-quarter GDP growth of 1.9% lifted the greenback. Australian CPI rose to 1.7%, reducing expectations of an RBA rate cut.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56825-aud-usd-australian-dollar-gives-up-gains-after-strong-us-gdp-currency-live
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer Australian dollar reduces the competitiveness of Australian exports in global feed grain and barley markets. The main impact is on currency relationships rather than direct supply changes.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- currencylive.com: https://currencylive.com/news/101362-aud-usd-australian-dollar-gives-up-gains-after-strong-us-gdp/

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