# The Australian Dollar Suffers Sixth Day of Losses but More Risk Looms

> The Australian dollar extended losses to a sixth consecutive session ahead of the Fed decision and Australia's Q2 inflation data. Markets expected below-target inflation that could prompt a third RBA cut this year. Chinese economic data was also due.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58380-the-australian-dollar-suffers-sixth-day-of-losses-but-more-risk-looms
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expectations of RBA easing and softer Chinese data weigh on the Aussie, which can influence Australian export pricing for grains and meat.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/11789-australian-dollar-suffers-sixth-day-of-losses-but-more-risk-looms

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