# Reserve Bank's currency advantage won't be squandered

> The Australian dollar was near US67.51 cents on Monday as the foreign exchange market positioned short ahead of the Reserve Bank's October meeting. Futures priced a 74% chance the RBA cuts its cash rate to a record low 0.75% on Tuesday.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/57329-reserve-bank-s-currency-advantage-won-t-be-squandered
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected RBA easing and a weaker Aussie reduce the cost of Australian exports and shift currency-driven demand for Australian commodities, with limited direct effect on feed grain prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- afr.com: https://www.afr.com/markets/currencies/reserve-bank-s-currency-advantage-won-t-be-squandered-20190930-p52w8s

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