# AUD/USD has diverged from commodity prices - CIBC - Forex Crunch

> CIBC analysts said the Australian dollar has increasingly followed interest rate spreads rather than commodity prices. They noted that recent commodity support has come from supply constraints rather than demand. They added that improved global sentiment could help commodities if demand rather than supply drives prices.

- Date: 2019-10-04 · published 2019-10-04T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56829-aud-usd-has-diverged-from-commodity-prices-cibc-forex-crunch
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The analysis suggests commodity-linked currencies may be less responsive to commodity price moves, which affects how export competitiveness shifts. Its direct effect on feed prices is limited.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/10/04/aud-usd-has-diverged-from-commodity-prices-cibc/

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