# Australian Dollar: Steady for Now, But to Go Below USD 0.70 in the Second Half of 2019 - ActionForex

> Westpac forecasts the Australian dollar, near USD0.7094, will fall below USD0.70 in the second half of 2019. It expects weak GDP growth to prompt two RBA rate cuts and a widening rate gap with the US.

- Date: 2019-03-14 · published 2019-03-14T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60353-australian-dollar-steady-for-now-but-to-go-below-usd-0-70-in-the-second-half-of
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker AUD with RBA easing would raise the local-currency cost of imported feed inputs and could shift export competitiveness for Australian grain and meal.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- actionforex.com: https://www.actionforex.com/contributors/fundamental-analysis/180996-australian-dollar-steady-for-now-but-to-go-below-usd-0-70-in-the-second-half-of-2019/

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