# Australian dollar whipsaws after country enters "per capita recession"

> The Australian dollar whipsawed after the RBA's dovish statement, becoming the weakest major currency on 2 April. Australia's GDP per capita has contracted for two quarters, and markets price up to 80% odds of a rate cut before year-end.

- Date: 2019-04-03 · published 2019-04-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/59834-australian-dollar-whipsaws-after-country-enters-per-capita-recession
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Expected RBA easing and Australia's per-capita recession weaken the AUD, which is a China-linked proxy. Feed buyers should watch this for signals on Australian export pricing and Asian demand.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- axios.com: https://www.axios.com/2019/04/03/australian-dollar-recession

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