# Aussie dollar trends lower as Chinese money flees housing market - Nikkei Asia

> The Australian dollar fell against the US dollar as Chinese investors pulled money out of Australia's housing market, pushing down local property prices. The Reserve Bank of Australia hinted it could cut interest rates to stimulate spending and support a weak economy.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/60844-aussie-dollar-trends-lower-as-chinese-money-flees-housing-market-nikkei-asia
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker Aussie and prospective RBA easing reduce Australian economic momentum, which can weigh on demand for Australian grain and feed inputs priced in dollars; the currency move is a modest factor for barley and sorghum export competitiveness.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/currencies/aussie-dollar-trends-lower-as-chinese-money-flees-housing-market

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