# The Australian Dollar: Upside is Limited from Here, Analyst Says, as Others Cut Forecasts

> The Australian dollar softened on Monday despite a broad rally in risk assets after President Trump appeared to rethink part of a Chinese tariff package. CBA and other analysts said AUD upside is limited, with Commerzbank scrapping its forecast for an AUD uptrend next year.

- Date: 2019-08-19 · published 2019-08-19T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/57836-the-australian-dollar-upside-is-limited-from-here-analyst-says-as-others-cut
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Trade-war uncertainty and a soft Aussie reduce the appeal of Australian commodity exports, while the tariff rethink briefly supported risk assets and commodity prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/11901-australian-dollar-upside-is-limited-from-here-analyst-says-as-others-cut-forecasts

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