# AUD: Disconnected from the commodity complex - ANZ — Octa

> ANZ analysts say the Australian dollar has not responded to strong commodity prices because the usual channels from resource prices into the domestic economy have weakened. They view a sustained AUD recovery as dependent on a substantial shift in China's growth path, which they see as unlikely.

- Date: 2019-06-17 · published 2019-06-17T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/58847-aud-disconnected-from-the-commodity-complex-anz-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Commodity price strength is not translating into a stronger AUD, which limits the currency-driven boost to Australian export pricing. This weakens the usual link between Australian export income and commodity prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/714203/

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