# Australian dollar snaps winning streak | SBS News

> The Australian dollar fell for the first time in nine sessions to 69.42 US cents as traders awaited an expected RBA rate cut. Weak Chinese data and a revived US dollar after a thaw in US-China trade tensions also weighed. The US and China agreed to restart trade talks.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58381-australian-dollar-snaps-winning-streak-sbs-news
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Easing RBA policy and a firmer greenback can weigh on Australian commodity prices, while a US-China trade thaw supports broader demand sentiment for agricultural exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- sbs.com.au: https://www.sbs.com.au/news/article/australian-dollar-snaps-winning-streak/610oxiyvn

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