# Rising $A causes a last minute headache for RBA

> The Australian dollar rallied to US69.76 cents ahead of the Reserve Bank of Australia's June 4 policy meeting, where a 25 basis point rate cut was expected. The currency's strength followed a broad fall in the US dollar.

- Date: 2019-06-04 · published 2019-06-04T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58846-rising-a-causes-a-last-minute-headache-for-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A stronger AUD raises the cost of Australian exports in USD terms, which can support competing feed grain prices from other origins. The effect on global feed markets is modest.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- afr.com: https://www.afr.com/markets/currencies/rising-australian-dollar-a-last-minute-headache-for-rba-20190604-p51u80

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