# Australian dollar: RBA's hand may be forced by US Fed, dollar

> The Australian dollar fell after RBA Governor Philip Lowe signalled rates would stay low for an extended period, and markets priced in further cuts from the record-low 1% cash rate. Analysts expected the Fed's first cut in over a decade to force the RBA's hand. The currency traded near US69 cents.

- Date: 2019-07-29 · published 2019-07-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58377-australian-dollar-rba-s-hand-may-be-forced-by-us-fed-dollar
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected RBA and Fed easing weakens the Aussie and tends to support Australian export competitiveness, which can add modest pressure on global grain and oilseed prices.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- smh.com.au: https://www.smh.com.au/business/markets/rba-s-hand-may-be-forced-by-us-fed-dollar-20190729-p52bqy.html

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