# The Australian Dollar: Forecasts Downgraded at ANZ as Risk Aversion Rises

> ANZ has cut its Australian dollar forecasts, citing a sharp deterioration in global risk sentiment as the U.S.-China tariff dispute escalates. The bank now expects AUD/USD to fall more than 5% and sees possibly more than two RBA rate cuts.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/59348-the-australian-dollar-forecasts-downgraded-at-anz-as-risk-aversion-rises
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Australia's currency is highly sensitive to China-linked trade risk, so a weaker AUD reduces the import cost of Australian goods and signals softer demand for Australian commodity exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/11434-australian-dollar-forecasts-downgraded-at-anz

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